Free Closing Cost Estimator (Advanced)
Estimate detailed closing costs for a real estate purchase including lender fees, title charges, prepaid items, and government recording fees.
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Total Estimated Closing Costs
$9,656
Closing Costs as % of Price2.57%
Lender Fees$3,550
Title & Insurance Fees$2,556
Prepaid Items$2,850
Total Cash Needed at Closing$84,656
Total Estimated Closing Costs vs Prepaid Insurance (months)
Understanding Closing Costs
Closing costs are the fees and charges paid at the settlement of a real estate transaction, above and beyond the property price itself.
Major Cost Categories
Typical Ranges
Example Calculation
$375,000 purchase with $300,000 loan, 1% origination, $550 appraisal, $450 inspection, $400 title search, $5.75 per $1,000 title insurance, $250 recording fee, 12 months prepaid insurance at $150/month, and 3 months prepaid taxes at $350/month.
- 01Origination fee: $300,000 x 1% = $3,000
- 02Title insurance: $375,000 / 1,000 x $5.75 = $2,156
- 03Lender fees: $3,000 + $550 = $3,550
- 04Title fees: $400 + $2,156 = $2,556
- 05Prepaid insurance: 12 x $150 = $1,800
- 06Prepaid taxes: 3 x $350 = $1,050
- 07Other fees: $450 + $250 = $700
- 08Total closing costs: $3,550 + $2,556 + $2,850 + $700 = $9,656
- 09Cash needed: $9,656 + $75,000 (down payment) = $84,656