Closing Cost Calculator
Closing costs and total cash to close on a home purchase.
Input sheet
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The down payment gets all the attention, but the wire at closing is bigger: lender fees, title, escrow deposits, and prepaids stack another 2–5% of the price on top. This calculator shows both numbers — closing costs, and total cash to close.
How it works
Closing costs = home price × the percentage (2–5% is typical for buyers). Cash to close adds the down payment on top.
Buyer closing costs bundle loan origination and underwriting fees, the appraisal, title search and insurance, government recording charges, and prepaids — the first escrow deposits for property tax and homeowners insurance plus prepaid interest. Three percent of the price is a fair planning midpoint.
Cash to close is the number your bank account actually feels: down payment + closing costs, minus any seller credits or lender credits you negotiate. Your official numbers arrive on the Loan Estimate within three days of applying, and final ones on the Closing Disclosure.
Closing costs = home price × percentage. Cash to close = down payment + closing costs.
Worked examples
A $400,000 home with 20% down and 3% closing costs. → $12,000 in closing costs — $92,000 cash to close.
400,000 × 0.03 = $12,000; plus the $80,000 down payment.
A $300,000 first home with 5% down and 3.5% costs. → $10,500 in costs — $25,500 cash to close.
Down payment $15,000 + costs $10,500. On low-down loans the closing costs rival the down payment itself.
Tips & gotchas
- Shop the shoppable items — title insurance and settlement services vary by hundreds of dollars between providers, and the Loan Estimate marks which fees you can shop.
- Seller credits and lender credits (in exchange for a slightly higher rate) can cover much of the cash due — useful when savings are tight.
- Keep a cushion past the calculated number; per-diem interest and escrow adjustments move the final figure right up to closing day.
FAQ
What's inside closing costs?
Loan origination and underwriting fees, appraisal, title insurance, escrow deposits for taxes and insurance, and recording fees. The Loan Estimate itemizes yours.
Can closing costs be rolled into the loan?
On most purchase loans, no — only certain refinances and specific programs allow financing them. Plan to bring them as cash alongside the down payment.
Do sellers pay closing costs too?
Yes — sellers typically pay the agent commissions and some transfer taxes, often totaling more than the buyer's side. This calculator models the buyer's cash.
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