Common question

How much are closing costs?

Closing costs are the fees and prepaids due when you buy, separate from the down payment. Cash to close is both together.

Every line here is a dollar amount you enter or a percent of the price or the loan. The total is an estimate for planning. A lender’s disclosure replaces it.

About $10,947.50.

Purchase

Home price

Down payment

Lender fees

Origination

Percent of the loan amount.

Estimated closing costs

$10,947.50

About $10,947.50.

Estimate from the numbers you entered.

Origination1.0%

Total

$10,947.50

100%

Origination$3,600.0033%
Appraisal$550.005%
Inspection$450.004%
Title services$2,250.0021%
Escrow$900.008%
Credit report$35.000%
Recording$125.001%
Prepaid property tax$1,237.5011%
Prepaid insurance$1,800.0016%

Breakdown
Label	Value
Origination	$3,600.00
Appraisal	$550.00
Inspection	$450.00
Title services	$2,250.00
Escrow	$900.00
Credit report	$35.00
Recording	$125.00
Prepaid property tax	$1,237.50
Prepaid insurance	$1,800.00

Also in this estimate

Cash to close, including down payment: $100,947.50
Closing costs as a share of price: 2.43%

Plan on about $10,947.50 in closing costs, or $100,947.50 including the down payment. Lender fees and local taxes change the real number.

This is a buyer-side planning estimate. Seller credits, lender credits, and local transfer taxes are not included unless you add them in the dollar fields.

Compare scenarios

How we calculated this

Each fee is either a dollar amount you enter or a percent of the price or loan. Prepaid tax and insurance are set aside at closing for the number of months you enter. The down payment is cash to close, and it is not part of the closing-cost total.

What does this mean?

Plan on about $10,947.50 in closing costs, or $100,947.50 including the down payment. Lender fees and local taxes change the real number.

Your assumptions

Edit assumptions

Home price: $450,000
Down payment: $90,000
Origination: 1.00% of the loan
Title: 0.50% of the price

This calculator provides an estimate for informational purposes. Actual mortgage payments, taxes, insurance, PMI, fees, and lender terms may vary.

How the estimate is calculated

Origination is the loan times the origination percent. Title and escrow are the home price times the percents you enter. Appraisal, inspection, credit report, recording, and attorney are the dollar amounts you enter.

Prepaid tax is one month of property tax times the number of months you enter. Prepaid insurance is one month of the annual premium times the months you enter. Those prepaids are inside the closing-cost total. The down payment is added only when the page shows cash to close.

Open the Closing Cost Calculator · How this calculator works

Questions

Are closing costs the same as the down payment?

No. The primary result is closing costs only. Cash to close adds the down payment on top.

What is a typical percent?

There is no single percent that fits every loan. Enter the fees you have. Seller credits and lender credits are not included unless you reduce a dollar field yourself.

Does this include the seller’s costs?

No. It is a buyer-side estimate.

Why are prepaid taxes in the total?

They are cash you bring to closing so the escrow account can pay the next tax bill. They are not a fee the lender keeps.