Free Closing Cost Calculator
Estimate total closing costs for a home purchase including lender fees, title fees, prepaid items, and government charges.
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Total Closing Costs
$8,600
Closing Costs as % of Price2.46%
Total Lender Fees$3,300
Title & Government Fees$2,500
Total Prepaids / Escrow$2,800
Total Closing Costs vs Prepaid Property Tax (months)
Understanding Closing Costs
Closing costs are fees and expenses paid at settlement when a real estate transaction is finalized. They typically range from 2% to 5% of the home purchase price.
Major Categories
Who Pays What
Buyers typically pay lender fees, prepaids, and a portion of title costs. Sellers often cover agent commissions and transfer taxes, though everything is negotiable.
Example Calculation
A $350,000 home with a $280,000 loan. Origination fee 1%, appraisal $500, title insurance $1,500, attorney $800, recording $200, 3 months tax at $350/mo, 14 months insurance at $125/mo.
- 01Origination fee: $280,000 x 1% = $2,800
- 02Lender fees: $2,800 + $500 = $3,300
- 03Title & government: $1,500 + $800 + $200 = $2,500
- 04Prepaid taxes: 3 x $350 = $1,050
- 05Prepaid insurance: 14 x $125 = $1,750
- 06Total prepaids: $1,050 + $1,750 = $2,800
- 07Total closing costs: $3,300 + $2,500 + $2,800 = $8,600
- 08As percentage of price: $8,600 / $350,000 = 2.46%