Closing Costs Calculator
Estimate your total closing costs when buying a home. Includes lender fees, title insurance, escrow, prepaid items, and government fees.
Inputs
Results
Total Closing Costs
$12,692.95
Total Closing Costs
$12,692.95
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Home Price — The agreed-upon purchase price of the home. Accepts values from $50,000 to $5,000,000 (default: $350,000).
- Down Payment — Percentage of home price paid upfront. FHA allows as low as 3.5%. Accepts values from 0 % to 100 % (default: 20 %).
- Loan Type — Loan type affects fees. FHA has upfront MIP; VA has a funding fee. Choose from: Conventional, FHA, VA. default: 0.
- Transfer Tax Rate — Varies by state. Typically 0.1% to 2%. Accepts values from 0 % to 3 % (default: 0.5 %).
- Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
- Discount Points — Upfront fee to lower your interest rate. 1 point = 1% of loan. Accepts values from 0 % to 3 % (default: 0 %).
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Total Closing Costs — shown as a dollar amount. This is the primary result of this calculator.
- As % of Home Price — shown as a percentage.
- Down Payment — shown as a dollar amount.
- Total Cash Needed — shown as a dollar amount.
- Lender Fees — shown as a dollar amount.
- Title & Escrow — shown as a dollar amount.
- Prepaid Items — shown as a dollar amount.
- Government Fees — shown as a dollar amount.
- Scroll down to explore 2 charts (Closing Cost Breakdown, Total Cash Needed) for a visual breakdown of the data.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
Formula
Closing costs typically range from 2-5% of the home price and include lender fees (origination, appraisal), title insurance, escrow, prepaid taxes/insurance, and government transfer taxes.Related Calculators
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