CompoundInterestCalc
Free online tool · Real estate

Closing Costs Calculator

Use this free closing costs calculator to estimate the fees you'll pay on top of your down payment when you buy a home. Enter the purchase price and see an itemized breakdown of lender fees, title and escrow, and prepaids.

Most importantly, it adds everything into your total cash to close — the real amount you need at the table. Closing costs typically run 2–5% of the price, and they surprise a lot of first-time buyers. No account, no sign-up, no spreadsheet.

The purchase
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20%
▶ Fee assumptions
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%
$
$
$
$
%
$
Estimated closing costs
$0
Cash to close
$0
Down payment
$0
Loan amount
$0
What makes up your closing costs

Estimates are for illustration and education only — not a Loan Estimate. Actual fees vary by lender, state, and title company; always rely on your official Loan Estimate.

The math

How closing costs add up

Closing costs are the fees to originate the loan and transfer the property, plus money set aside upfront for taxes and insurance. They fall into three buckets: what the lender charges, what third parties charge, and prepaids held in escrow.

Cash to close = Down payment + Closing costs
The down payment is equity in the home; closing costs are fees. Together they're what you actually bring to closing.
Lender fees = Loan × (origination% + points%) + appraisal
Third-party fees (title, escrow, recording) are mostly flat; prepaids scale with your tax rate and insurance premium.
Worked example. On a $400,000 home with 20% down, the loan is $320,000. Origination at 0.75% is $2,400; add appraisal, title, escrow and recording of roughly $3,550; and prepaid taxes and insurance near $3,600. That's about $9,550 in closing costs — so cash to close is $80,000 down + $9,550 ≈ $89,550.
See it in action

Closing costs at different price points

Three typical purchases. Load any one into the calculator and adjust the fees from there.

Quick guide

How to use the closing costs calculator

Three short steps. Change any field and the totals and breakdown update instantly.

Step 1

Enter price and down payment

The purchase price and how much you're putting down. This sets your loan amount, which many fees scale with.

Step 2

Adjust the fee assumptions

Open fee assumptions to match your quotes — origination, points, title, escrow, tax rate and insurance all flex.

Step 3

Read cash to close

The total you'll need at the table, with an itemized breakdown by lender fees, third-party services and prepaids.

Step 4

Compare to your Loan Estimate

Use this to sanity-check the official Loan Estimate your lender must provide within three days of applying.

Good to understand

What closing costs cover

Closing costs are the one-time fees you pay to finalize a home purchase — separate from, and on top of, your down payment. They usually total 2–5% of the purchase price, and they catch many first-time buyers off guard because the down payment gets all the attention.

Lender fees

What the lender charges to make the loan: an origination fee (often around 0.5–1% of the loan), optional discount points you can pay to buy down your rate, and the appraisal to confirm the home's value. These scale with your loan amount, so a larger loan means larger lender fees.

Third-party services

Title insurance and settlement, escrow or attorney fees, and recording and transfer taxes paid to the county. These are mostly flat dollar amounts set by your state and the companies involved, though transfer taxes can be a percentage of the price in some areas.

Prepaids and escrow

Money collected upfront and held in escrow: usually several months of property tax and a full year of homeowners insurance. These aren't really fees — they're your own money set aside — but you still need the cash at closing.

Can you reduce them?

Sometimes. You can shop for title and settlement services, ask the seller for a credit toward closing costs, or choose a slightly higher rate in exchange for a lender credit. Compare each lender's official Loan Estimate side by side — the fees are more negotiable than the rate.

Who it's for

Any home buyer budgeting for a purchase, especially first-timers who need to know the true cash required. You only need the price and down payment to get a solid estimate.

Working out the payment and down payment too? Try the mortgage calculator and the down payment calculator, or browse all our free tools.

Quick answers

Closing costs calculator FAQ

Is this closing costs calculator free?
Yes — it's completely free, runs entirely in your browser, and requires no account or sign-up. Your numbers are never sent to us or stored on a server.
How much are closing costs, typically?
For buyers they usually run 2–5% of the purchase price, depending on your loan, state and whether you pay points. On a $400,000 home that's roughly $8,000–$20,000, on top of your down payment.
What's the difference between closing costs and the down payment?
Your down payment is equity — money that goes straight into owning the home. Closing costs are fees to originate the loan and transfer the property. Cash to close is the two added together.
Can I roll closing costs into the loan?
Sometimes — through a refinance or certain purchase programs, or by taking a lender credit (a slightly higher rate in exchange for the lender covering costs). It reduces cash needed now but raises what you pay over time.
Is this financial advice?
No. This is an educational tool showing illustrative estimates. Actual fees vary by lender, state and title company. Always rely on the official Loan Estimate and Closing Disclosure from your lender.