Closing Cost Calculator
Get a clear picture of the fees you can expect when closing on your home purchase or refinance.
Closing Cost Calculator
Estimate the fees and costs associated with closing on your home
Estimated Closing Costs
$11,465
2.9% of home price
Understanding Closing Costs
Lender Fees
These include the loan origination fee, appraisal, credit report, and underwriting costs. The origination fee is typically around 1% of the loan amount and covers the lender's cost of processing your mortgage.
Title and Escrow
Title insurance protects you and the lender against any disputes over property ownership. Escrow fees cover the setup of your tax and insurance reserve accounts that are managed alongside your mortgage payment.
Government Fees
Recording fees are charged by your local government to record the deed and mortgage. Transfer taxes vary significantly by state and can be a major cost in some areas. Some states have no transfer tax at all.
Prepaid Items
You will typically prepay homeowners insurance for the first year and several months of property taxes to establish your escrow account. Prepaid interest covers the days between closing and your first mortgage payment.
Important Note
Closing costs typically range from 2% to 5% of the home price. This calculator provides estimates only. Actual costs depend on your lender, location, loan type, and negotiation with the seller. Your Loan Estimate will provide a detailed breakdown of actual expected costs.
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