Closing Costs Calculator

Estimate your closing costs before buying a home. Enter your home purchase price, down payment, and state to get a breakdown of typical closing cost components — including loan origination fees, title insurance, appraisal, escrow, and more. You'll see your estimated total closing costs alongside your total loan amount and a cost breakdown chart.

The agreed-upon purchase price of the home.

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Typical down payments range from 3% to 20% of the purchase price.

Closing costs vary by state due to local taxes and fees.

FHA and VA loans have different fee structures than conventional loans.

Results

Estimated Total Closing Costs

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Total Loan Amount

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Down Payment Amount

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Closing Costs as % of Purchase Price

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Loan Origination Fee

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Appraisal Fee

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Title Insurance

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Escrow & Prepaid Items

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Other Fees & Taxes

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Estimated Cash to Close

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Closing Cost Breakdown

Frequently Asked Questions

How much should I budget for closing costs?

Most buyers should budget between 2% and 5% of the home's purchase price for closing costs. On a $350,000 home, that's roughly $7,000 to $17,500. The exact amount depends on your loan type, location, lender, and the specific services required to close the transaction.

What is included in closing costs?

Closing costs typically include a loan origination fee, appraisal fee, title insurance, escrow and prepaid items (like homeowners insurance and prepaid interest), recording fees, and state/local transfer taxes. Some costs are lender fees while others are third-party fees required by law.

Why is there a minimum down payment?

Lenders require a minimum down payment to reduce their financial risk. Conventional loans typically require at least 3–5%, while FHA loans require 3.5% with good credit. VA and USDA loans may offer 0% down to eligible borrowers. A down payment below 20% on a conventional loan usually requires private mortgage insurance (PMI).

Can closing costs be rolled into my loan?

In some cases, yes. Certain loan programs allow you to finance closing costs into your mortgage balance, which increases your loan amount and monthly payment. Alternatively, you can negotiate seller concessions where the seller pays a portion of your closing costs.

Do closing costs vary by state?

Yes, significantly. States like New York, Delaware, and Maryland tend to have higher closing costs due to transfer taxes and recording fees, while states like Missouri and Indiana are typically lower. Your specific county or municipality can also affect the total.

Are closing costs the same for FHA and conventional loans?

Not exactly. FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, which can substantially increase closing costs. VA loans include a funding fee that varies by service history and down payment. Conventional loans avoid these government-specific fees but may still require PMI if your down payment is under 20%.

What is cash to close?

Cash to close is the total amount of money you need to bring to the closing table. It includes your down payment plus closing costs, minus any credits from the seller or lender. This is different from your closing costs alone — it represents everything you must pay out of pocket to finalize the purchase.

Can I negotiate closing costs?

Yes. You can shop around for lower title and escrow fees, negotiate with your lender on origination charges, and ask the seller to cover some costs (seller concessions). Comparing Loan Estimates from multiple lenders is one of the most effective ways to reduce your closing costs.

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