Closing Cost Calculator
Estimate your closing costs and see a detailed breakdown of what you'll pay at closing.
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Estimated Closing Costs
$11,200
3.2% of purchase price
Total Cash Needed at Closing
$81,200
Down payment + closing costs
Cost Breakdown
Lender Fees
Origination Fee (1%)
$2,800
Application Fee
$500
Underwriting Fee
$700
Credit Report
$50
Third-Party Fees
Appraisal
$500
Home Inspection
$400
Title Search
$300
Title Insurance
$1,750
Attorney/Escrow Fee
$800
Prepaid Items
Prepaid Interest
$789
Property Tax (3 mo)
$1,050
Homeowners Insurance (1 yr)
$1,500
Understanding Closing Costs
Closing costs are fees paid at the end of a real estate transaction, separate from your down payment. They typically range from 2% to 5% of the loan amount.
Who Pays Closing Costs?
Buyers typically pay most closing costs, but some can be negotiated with the seller. In some markets, sellers may agree to pay a portion of buyer closing costs (seller concessions).
Can I Roll Closing Costs Into My Loan?
Some loan programs allow closing costs to be financed into the mortgage. FHA loans allow the upfront MIP to be rolled in. VA loans can include the funding fee. Lender credits can also offset closing costs in exchange for a higher interest rate.
Ways to Reduce Closing Costs
- Close at end of month to minimize prepaid interest
- Shop around for title insurance and other third-party services
- Ask about lender credits in exchange for higher rate
- Negotiate with seller for closing cost assistance
- Compare Loan Estimates from multiple lenders