Closing cost calculator

Closing Cost Calculator for Home Buyers

Estimate buyer closing costs, lender fees, title fees, prepaids, escrow reserves, credits, and total cash to close before comparing mortgage quotes.

$102,500.00

Cash to close

$12,500.00

Closing costs

2.8%

Cost rate

Closing cost result

Lender fees

$4,200.00

Origination, underwriting, processing, points, and other lender-side line items.

Title costs

$3,600.00

Title insurance, escrow or settlement, recording, transfer, and related local charges.

Prepaids + escrow

$6,200.00

Prepaid interest, tax, insurance premium, and initial escrow reserves.

Credits

$1,500.00

Seller credits, lender credits, or negotiated credits that reduce cash due at closing.

Home buyer closing cost estimate
Home price: $450,000.00
Down payment: $90,000.00

Closing costs:
- Lender fees: $4,200.00
- Title, escrow, and recording: $3,600.00
- Prepaid interest, tax, and insurance: $2,800.00
- Initial escrow reserves: $3,400.00
- Seller or lender credits: -$1,500.00

Estimated result:
- Closing costs: $12,500.00
- Cash to close: $102,500.00
- Closing costs as share of price: 2.8%
- Cash to close as share of price: 22.8%

What this closing cost calculator helps with

Cash planning

Estimate how much money you may need beyond the down payment before making an offer.

Loan estimate review

Group common line items so mortgage quotes are easier to compare side by side.

Credit tradeoffs

Test how seller credits or lender credits change cash due at closing.

How to use this estimate

Keep down payment separate

Closing costs are not the same as the down payment. Cash to close usually includes both.

Use lender worksheets carefully

Loan estimate sections vary by market, loan type, tax timing, and insurance requirements.

Keep reserves visible

Many buyers need cash left after closing for repairs, moving, deposits, and emergency savings.

Educational estimate only

This closing cost calculator is for educational planning only. It is not mortgage, legal, tax, insurance, real estate, or financial advice.

Closing cost calculator FAQ

What are closing costs?

Closing costs are fees and prepaid items paid around settlement, including lender fees, title or escrow charges, taxes, insurance, recording, and reserves.

Are closing costs separate from the down payment?

Yes. Down payment reduces the loan amount. Closing costs cover transaction fees and prepaids. Cash to close often includes both.

Can seller credits reduce closing costs?

Yes, seller or lender credits can reduce cash due, but limits and tradeoffs depend on the loan program and pricing.