Inputs
Results
Total Estimated Closing Costs
$12,370
ℹ️ These are estimates. Your Loan Estimate (within 3 days of application) will show exact figures. Ask your lender about seller concessions to reduce out-of-pocket costs.
How to Use
- 1Enter the home purchase price and your loan amount.
- 2Select your loan type — FHA and VA loans have additional fees.
- 3Choose your state category to estimate transfer taxes accurately.
- 4Review the itemized breakdown to understand each cost.
- 5Use this to budget your total cash needed at closing (down payment + closing costs).
Frequently Asked Questions
What are typical closing costs?+
Closing costs typically range from 2–5% of the purchase price. On a $400,000 home, expect to pay $8,000–$20,000 at closing, separate from your down payment.
Can the seller pay closing costs?+
Yes. Seller concessions (seller-paid closing costs) are common, especially in buyer's markets. You negotiate this in your offer. Conventional loans allow up to 3–9% in seller concessions depending on LTV.
What are prepaid items?+
Prepaids include upfront property tax and homeowners insurance deposits for your escrow account, and interest from closing date to end of month. These are not fees — they're future expenses paid in advance.
Is there a no-closing-cost mortgage?+
No-closing-cost mortgages roll the costs into the loan balance or use a slightly higher interest rate to cover them. You don't pay upfront but pay more over the life of the loan.
What is owner's title insurance?+
Owner's title insurance protects you from defects in the property's title — liens, unpaid taxes, or ownership disputes from before your purchase. It's a one-time fee and covers you for as long as you own the home.
This calculator is for informational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional before making real estate or financial decisions.