Closing Costs Calculator
Budget for the cash you’ll need at the closing table. Enter the price and down payment to estimate closing costs and total cash to close.
Example: with Home price $400,000 · Down payment 20% · Closing-cost estimate 3 % of price → Estimated closing costs: $12,000.
- Loan amount$320,000
- Cash needed at closing$92,000
- Typical 2–5% range$8,000 – $20,000
Computed by the calculator below using its default values. Change any input to see your own numbers.
How you compare
Compare mortgage lenders and fees
Learn moreWhat closing costs cover
Closing costs are the fees to originate the loan and transfer the property: lender origination, appraisal, title insurance, escrow, recording and prepaid taxes and insurance. For buyers they usually total 2–5% of the price — on top of the down payment — so they’re a real cash-to-close line item.
How it’s calculated & sources
We estimate closing costs as a percentage of the purchase price (default 3%) and add them to your down payment to get total cash needed at closing. The range shows 2% to 5% of the price for context.
Benchmark: buyer closing costs typically run 2–5% of the purchase price (Freddie Mac, 2025).
Results update as you type and are general estimates, not personalized financial, tax, medical or legal advice. Verify with a professional.
Frequently asked questions
Can I roll closing costs into the loan?
Sometimes — through lender credits (a higher rate) or seller concessions. That lowers cash today but raises your payment or rate.
Are property taxes included?
Lenders collect prepaid taxes and insurance into escrow at closing, which is part of the cash needed. The exact amount depends on your location and timing.