Closing Costs Calculator

Estimate your total closing costs when buying a home. Includes lender fees, title insurance, escrow, prepaid items, and government fees.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Home Price

Down Payment

Loan Type

Transfer Tax Rate

Tab to move between fields

Results

Total Closing Costs

$12,692.95

≈ 8 months of rent

As % of Home Price3.63%

Down Payment$70,000.00

Total Cash Needed$82,693.00

Lender Fees$3,945.00

Title & Escrow$3,700.00

Prepaid Items$3,297.95

Government Fees$1,750.00

How to Use This Calculator

Enter the home purchase price to base all closing cost estimates on.
Set your down payment amount to calculate the loan amount and total cash needed at closing.
Select your loan type: conventional, FHA (higher fees), or VA (no PMI but has funding fee).
Adjust the transfer tax rate for your state or county if you know it.
Review the breakdown of lender fees, title and escrow fees, prepaid items, and government fees.
The total cash needed includes your down payment plus all closing costs.

How the result changes with Home Price

Home Price	Total Closing Costs
$545,000.00	$17,204.66
$1,782,500.00	$45,836.68
$3,267,500.00	$80,195.10
$4,505,000.00	$108,827.12

What each input means

Home Price: The agreed-upon purchase price of the home.
Down Payment: Percentage of home price paid upfront. FHA allows as low as 3.5%.
Loan Type: Loan type affects fees. FHA has upfront MIP; VA has a funding fee.
Transfer Tax Rate: Varies by state. Typically 0.1% to 2%.
Discount Points: Upfront fee to lower your interest rate. 1 point = 1% of loan.

How this is calculated

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.

Worked example, using the default values

Identify Input Parameters
4 parameters
Home Price = 350000, Down Payment = 20, Loan Type = 0, Transfer Tax Rate = 0.5 = 5 input(s) provided
Calculate Total Closing Costs
Total Closing Costs
12692.95 = $12,692.95
Calculate As % of Home Price
As % of Home Price
3.63 = 3.63%
Calculate Down Payment
Down Payment
70000 = $70,000