Closing Costs for a $1,000,000 House
See a detailed estimate of the fees you can expect at the closing table.
Estimated Closing Cost Range (2% – 5%)
Low (2%)
$20,000
Mid (3.5%)
$35,000
High (5%)
$50,000
Itemized Breakdown
| Fee | Estimated Range | Notes |
|---|---|---|
| Loan Origination Fee | $5,000 – $10,000 | 0.5% – 1% of loan amount |
| Appraisal Fee | $400 – $600 | Third-party home valuation |
| Title Insurance | $4,000 – $5,000 | ~0.4% – 0.5% of purchase price |
| Recording Fees | $100 – $250 | County recording of deed & mortgage |
| Escrow / Prepaids | $2,667 – $8,000 | 2–6 months of taxes & insurance |
| Attorney / Settlement Fees | $500 – $1,500 | Varies by state |
| Survey Fee | $300 – $600 | Property boundary verification |
| Total Estimated | $20,000 – $50,000 | |
Tips to Lower Your Closing Costs
Negotiate Seller Credits
Ask the seller to cover a portion of your closing costs as part of the purchase agreement. Many sellers are willing to contribute 2%–3% in a buyer-friendly market.
Compare Lender Fees
Loan Estimates from multiple lenders will show you exactly how origination charges stack up. Even small differences save hundreds.
Ask About No-Closing-Cost Options
Some lenders offer a slightly higher interest rate in exchange for covering your upfront fees, keeping more cash in your pocket on closing day.
Close Late in the Month
Prepaid daily interest charges are calculated from your closing date through the end of that month. Closing on the 28th instead of the 5th can save hundreds.
Related Resources
Frequently Asked Questions
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