Closing Cost Calculator
Get a realistic estimate of how much you will need at the closing table beyond your down payment. Enter the purchase price and loan details to see a breakdown of origination fees, appraisal, title insurance, escrow, and recording costs.
Closing costs are the fees and expenses you pay when finalizing a home purchase, typically running 2-5% of the purchase price. On a $400,000 home, that means $8,000 to $20,000 on top of your down payment. These costs catch many first-time buyers off guard.
The main closing cost categories include the loan origination fee (0.5-1.5% of the loan amount), appraisal ($400-$600), title insurance ($1,000-$2,000 depending on the property value), escrow deposits (2-4 months of property tax and insurance prepaid into an escrow account), and recording fees ($100-$250 to file the deed with the county).
Some closing costs are negotiable. You can shop around for title insurance, ask the seller to pay a portion of closing costs (common in buyer's markets), or negotiate lender credits in exchange for a slightly higher interest rate. Your lender is required to provide a Loan Estimate within three business days of your application that itemizes expected closing costs.