Closing Cost Calculator
Itemized buyer and seller closing costs.
About this calculator
The Closing Cost Calculator itemizes both sides of a residential real-estate closing — everything the buyer owes beyond the down payment and everything that comes out of the seller's proceeds — using fourteen inputs that default to typical US market rates but can be overridden with figures from an actual loan estimate or listing agreement. Buyer costs split into the lender-driven charges (Origination Fee, a percentage of the loan amount; Appraisal Fee; Prepaid Interest, calculated from the loan's Interest Rate over the number of Prepaid Interest Days remaining in the closing month) and the transaction charges everyone pays regardless of financing (Title Insurance, priced per $1,000 of sale price; Recording Fee; Home Inspection). Seller costs center on Agent Commission — typically the largest single line item, since it's calculated as a percentage of the full sale price rather than the loan amount — plus Transfer Tax, Title Search Fee, and a Prorated Property Tax that charges the seller for their share of the year's property tax up through the closing date.
Seller Net Proceeds subtracts the total seller-side costs from the sale price, which is the number that actually determines how much cash a seller walks away with, distinct from the sale price itself. Combined Closing Costs adds both sides together for a full picture of what the transaction costs everyone involved, even though buyer and seller costs are paid from entirely separate pools of money and never actually combine in practice.
Legal Disclaimer
This calculator provides general estimates only and does not constitute legal advice. Laws, regulations, and court procedures vary significantly by jurisdiction. Consult a licensed attorney in your area for advice specific to your situation.
Inputs
Results
Total Buyer Closing Costs
$6,585.45
≈ 7 smartphones
Total Seller Closing Costs
$20,067.81
≈ 10 gaming PCs
Seller Net Proceeds
$329,932.19
≈ 8 Teslas
How to Use This Calculator
- Enter Sale Price and Loan Amount to anchor all percentage-based fees.
- Set Interest Rate for the prepaid-interest calculation and the number of Prepaid Interest Days (days until month-end at closing).
- Input Origination Fee %, Appraisal Fee, and Title Insurance rate per $1,000 of sale price.
- Enter Agent Commission %, Transfer Tax %, Title Search Fee, Recording Fee, and Inspection Fee.
- Review total buyer and seller closing costs and effective cost percentages.
- Use outputs to budget accurately before making an offer or listing a property.
How the result changes with Loan Amount ($)
| Loan Amount ($) | Total Buyer Closing Costs | Total Seller Closing Costs | Seller Net Proceeds |
|---|---|---|---|
| 140,000 | $4,811.47 | $20,067.81 | $329,932.19 |
| 210,000 | $5,698.46 | $20,067.81 | $329,932.19 |
| 420,000 | $8,359.42 | $20,067.81 | $329,932.19 |
| 700,000 | $11,907.36 | $20,067.81 | $329,932.19 |
What each input means
- Sale Price ($)
- Agreed-upon purchase price of the property.
- Loan Amount ($)
- Total mortgage being originated by the buyer.
- Interest Rate (%)
- Annual mortgage interest rate for prepaid-interest calculation.
- Origination Fee (%)
- Lender origination fee as a percentage of the loan amount.
- Appraisal Fee ($)
- Flat fee charged for the property appraisal.
- Title Insurance ($/1k)
- Title insurance premium per $1,000 of sale price.
- Recording Fee ($)
- County fee to record the deed and mortgage.
- Prepaid Interest Days
- Number of days of prepaid mortgage interest due at closing.
- Home Inspection Fee ($)
- Fee for the general home inspection.
- Agent Commission (%)
- Total real-estate agent commission (buyer + seller sides).
- Transfer Tax (%)
- State/local transfer or excise tax as a percentage of sale price.
- Title Search Fee ($)
- Fee for searching title records.
- Annual Property Tax ($)
- Annual property tax for proration.
- Seller Proration Days
- Days of property tax the seller is responsible for up to closing.
What each result means
- Total Buyer Closing Costs
- Sum of all buyer-side closing costs.
- Buyer Costs (% of Price)
- Buyer closing costs as a percentage of the sale price.
- Origination Fee
- Lender origination fee.
- Appraisal Fee
- Property appraisal fee.
- Title Insurance
- Owner's or lender's title insurance premium.
- Recording Fee
- County recording fee.
- Prepaid Interest
- Daily mortgage interest prepaid through end of the closing month.
- Home Inspection
- General home inspection fee.
- Total Seller Closing Costs
- Sum of all seller-side closing costs.
- Seller Costs (% of Price)
- Seller closing costs as a percentage of the sale price.
- Agent Commission
- Total brokerage commission.
- Transfer Tax
- State/local transfer tax.
- Title Search Fee
- Fee for title search and examination.
- Prorated Property Tax
- Seller's share of property tax through closing date.
- Seller Net Proceeds
- Sale price minus seller closing costs.
- Combined Closing Costs
- Total buyer + seller closing costs for the transaction.
How this is calculated
Worked example, using the default values
- Identify Input Parameters14 parametersSale Price ($) = 350000, Loan Amount ($) = 280000, Interest Rate (%) = 6.5, Origination Fee (%) = 1, Appraisal Fee ($) = 500, Title Insurance ($/1k) = 5.75, Recording Fee ($) = 125, Prepaid Interest Days = 15, Home Inspection Fee ($) = 400, Agent Commission (%) = 5, Transfer Tax (%) = 0.5, Title Search Fee ($) = 300, Annual Property Tax ($) = 4200, Seller Proration Days = 45 = 14 input(s) provided
- Calculate Total Buyer Closing CostsTotal Buyer Closing Costs = r(totalBuyerCosts)6585.45 = $6,585.45
- Calculate Total Seller Closing CostsTotal Seller Closing Costs = r(totalSellerCosts)20067.81 = $20,067.81
- Calculate Seller Net ProceedsSeller Net Proceeds = r(sellerNetProceeds)329932.19 = $329,932.19
- Calculate Buyer CostsBuyer Costs = r(buyerPctOfPrice)1.88 = 1.88%
- Calculate Origination FeeOrigination Fee = r(originationFee)2800 = $2,800
Engine last updated . Checked against 3 independently-derived tests — how we verify calculators. Built by Paul Gunder, a software engineer, not a licensed financial, medical, or legal professional.
Frequently Asked Questions
Why are buyer and seller closing costs calculated so differently?
Buyer costs are mostly tied to financing — origination fees and prepaid interest scale with the loan amount and interest rate, not the sale price — while seller costs like agent commission, transfer tax, and prorated property tax are calculated as a percentage of the sale price or a share of an annual tax bill, regardless of how the buyer is financing the purchase. The two sides really are separate calculations pulling from separate cost structures, not two views of the same total.
What is prepaid interest and why does it show up as a closing cost?
When a mortgage closes partway through a month, the buyer owes interest for the remaining days of that month before the first regular monthly payment (which typically covers the following month) begins — this calculator computes that as the daily interest rate on the loan amount times the number of Prepaid Interest Days you enter. It's a genuine cash cost due at closing, not a fee kept by the lender, since it's simply interest on money already borrowed.
How is seller net proceeds different from the sale price?
Sale price is the gross amount the buyer pays; Seller Net Proceeds subtracts all seller-side closing costs — agent commission, transfer tax, title search, and prorated property tax — from that sale price, leaving the actual cash the seller receives before their existing mortgage payoff (which this calculator does not include) is subtracted. Agent commission alone is usually the single largest reduction, since it's calculated as a percentage of the full sale price.
Why does raising the sale price increase both buyer costs and seller costs?
Sale price feeds several cost lines directly: Title Insurance is priced per $1,000 of sale price on the buyer side, while Agent Commission and Transfer Tax are both percentages of sale price on the seller side. Loan Amount is a separate input this calculator does not derive from Sale Price, so raising Sale Price alone does not change loan-based buyer costs like the origination fee or prepaid interest — if you also want those to reflect a bigger loan, update Loan Amount yourself.
Are the default percentages (commission, transfer tax, title insurance rate) accurate for my area?
They're reasonable US-wide starting points, not figures specific to any one state or county — agent commission rates, transfer tax rates, and title insurance premiums all vary by location and by negotiation, sometimes substantially. Replace the defaults with numbers from your actual loan estimate, listing agreement, or a local title company for an estimate that reflects your specific transaction.
Related Calculators
The questions that sit next to this one — chosen by subject, including calculators filed under a different category.
Closing Costs Calculator
Estimate your total closing costs when buying a home. Includes lender fees, title insurance, escrow, prepaid items, and government fees.
Real Estate LawTitle Search Cost Calculator
Title search and examination fees by property type.
Real Estate LawReal Estate Transfer Tax Calculator
State and local transfer tax from sale price.
Real Estate InvestingSeller Financing Calculator
Calculate payment schedule, balloon balance, total interest, and cash flow for a seller-financed real estate purchase.
CollectingAuction Commission Calculator
Calculate net proceeds from auction sales after buyer's premium, seller's commission, lot fees, and insurance.
More in Real Estate & Property.