Real Estate

Closing Cost Calculator (Home Purchase)

Enter the price, down payment and each cost from your Loan Estimate to total the cash you need.

By TheCalcTools Updated Formula checked and tested

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Your results

Estimated closing costs
Estimated closing costs
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As a share of the price
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Cash needed to close (down payment + costs)
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Loan amount
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Closing cost breakdown

Lender —Title, settlement —Appraisal, inspection —Transfer tax —Prepaids, escrow —

Closing Cost Calculator (Home Purchase) by TheCalcTools

How the Closing Cost Calculator (Home Purchase) works

Closing costs are the fees and prepaid items due at settlement. Lender charges and points depend on the loan; title, recording and transfer taxes depend on the location; prepaid taxes and insurance fund the escrow account.

In the US, your Loan Estimate lists every expected cost within three business days of applying, and the Closing Disclosure gives the final figures. Compare offers line by line.

The formula

Closing costs = lender % × loan + title + appraisal + transfer tax + prepaid months × (tax + insurance) ÷ 12

Worked example

Using the default values shown in the calculator:

Home price$400000
Down payment20 %
Lender fees and points (% of loan)1 %
Title, settlement and recording fees$2500
Appraisal, inspection and survey$1100
Transfer tax paid by the buyer0 %
Yearly property tax$4800
Yearly home insurance$1800
Months of taxes and insurance prepaid or escrowed6
  1. On a 400,000 home with 20% down: closing costs $10,100 (2.53%).
  2. Cash to close, with the down payment: $90,100.

Result:

Estimated closing costs$10,100
As a share of the price2.53%
Cash needed to close (down payment + costs)$90,100
Loan amount$320,000

Frequently asked questions

Can the seller pay my closing costs?

Sellers can contribute (seller concessions) up to limits set by the loan type. It is negotiated in the offer.

Sources and further reading

Down Payment CalculatorSee how much to save for a home purchase Home Affordability CalculatorEstimate the home price you could afford from your income, existing debts, down payment… Mortgage Points CalculatorFind out whether paying discount points to lower your mortgage rate pays off, and how… Property Tax CalculatorEstimate the yearly and monthly property tax on a home from its value, your area's… Rent vs Buy CalculatorCompare buying a home with renting and investing the difference, and see which leaves… Home Equity CalculatorHow much of your home do you own, and how much could you borrow?

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This calculator gives estimates for information only. It is not financial advice, and your lender's or provider's figures will govern. Rates, fees and rules vary. See our disclaimer.