Closing cost estimator

Typical fees due at closing for a home purchase.

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3–5% is common for first-time buyers; 20% avoids mortgage insurance.
Origination, underwriting, points. 0.5–1.5% is typical; some lenders charge a flat fee instead.
Title search, lender's title insurance, settlement fee. 0.5–1%; owner's title policy is extra in some states.
From 0% to over 2% by state and city; often split with the seller.
Appraisal $400–700, inspection $300–500.
Escrow deposit for property tax and homeowners insurance, the first year's premium, and interest to the end of the month.
Buyer's side. Your Loan Estimate, due within three days of applying, replaces this with real numbers.
Buyers typically pay 2–5%.
Down payment plus closing costs, less any earnest money already paid and seller credits.
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How it's calculated

Closing costs are a mix of percentages and flat fees. Lender charges are a share of the loan, which is the price less the down payment. Title, escrow and transfer taxes are a share of the price. The appraisal, inspection and credit report are flat, and the prepaids are the escrow deposit and first-year insurance the lender collects up front. Add them for the closing costs; add the down payment for the cash you bring. Buyers usually land between 2% and 5% of the price, with the location’s transfer tax making most of the difference.

Closing costs = Loan × lender % + Price × (title % + transfer %) + flat fees + prepaids Cash to close = Closing costs + Down payment
What are typical closing costs for a buyer?

Two to five percent of the purchase price, so $8,000 to $20,000 on a $400,000 home. States with high transfer taxes or mandatory attorneys sit at the top; states like Missouri and Indiana at the bottom. The seller usually pays the agents' commission separately.

Can closing costs be negotiated or rolled into the loan?

Some can. Sellers can credit a few percent toward your costs in a buyer's market, lenders can offer a credit in exchange for a slightly higher rate, and some loan programs let you finance part of them. Shop the lender fees and the title company; the taxes and prepaids are fixed.

What is the difference between closing costs and prepaids?

Closing costs pay for the transaction: the loan, the title work, the government filings. Prepaids are your own future expenses collected early: property tax and insurance into escrow, plus interest from closing day to the end of the month. Both are due at closing, which is why the tool shows them together.

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Results are estimates for informational purposes only and are not financial, medical or legal advice.