Closing Costs Calculator
Closing costs are the fees you pay to finalize a home purchase — usually 2–5% of the price, on top of your down payment. This calculator estimates your total and shows a typical breakdown.
How this calculator works
Most buyers pay closing costs equal to roughly 2–5% of the purchase price — the national average sits near 3%. The total bundles lender fees (origination, underwriting, points), third-party fees (title search, title insurance, escrow, appraisal, inspections, recording), and prepaids (first-year property tax and insurance deposits into escrow). The calculator multiplies your price by your rate and splits the total into those three buckets using a typical national mix; your actual breakdown varies by state, lender, and down payment.
Frequently asked questions
Can closing costs be included in the loan?
Often, but with trade-offs. Rolling them into the loan raises your balance and monthly payment, and some loan types limit it. A seller concession — the seller paying part of your closing costs — is a common alternative, capped at 3% for conventional loans and 6% for FHA.
Who pays closing costs — buyer or seller?
Both, but the split is negotiated and varies by region. Buyers typically pay lender fees, title insurance, appraisal, and recording; sellers often pay real estate commissions, transfer taxes, and sometimes a title policy. Your purchase agreement spells out the exact split.
What are prepaids?
Prepaids are payments collected at closing for costs that arrive soon after — typically property tax, homeowners insurance, and mortgage interest for the days between closing and the first payment. They sit in your escrow account, so they are not a fee to anyone; you get the coverage they buy.
Disclaimer: Results are estimates for general information only and do not constitute financial, tax, or legal advice. Figures reflect 2026 rules and may change. Always confirm current limits and consult a qualified professional before making decisions. Official figures: IRS.gov · 2026 limits per IRS tax inflation adjustments.