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.
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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.
Worked example
On a $400,000 home with 20% down, closing costs around 3% are about $12,000, so you’d bring roughly $92,000 to closing including the $80,000 down payment.
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.