Closing Cost Calculator
How much cash you need at closing when buying a home: the down payment, closing costs of about 2% to 5% of the loan, and prepaid insurance and escrow.
Closing costs at 3% of the loan, by home price (10% down)
| Home price | Loan | Closing costs |
|---|---|---|
| $200,000 | $180,000 | $5,400 |
| $300,000 | $270,000 | $8,100 |
| $400,000 | $360,000 | $10,800 |
| $600,000 | $540,000 | $16,200 |
| $800,000 | $720,000 | $21,600 |
How this calculator works
Closing costs are estimated as a share of the loan: lender fees, appraisal, title insurance, recording and transfer taxes. Prepaids add a year of homeowners insurance and a few months of tax and insurance for the escrow account.
What it assumes
- Transfer taxes vary widely by state and city; your Loan Estimate lists the real figures.
- Seller concessions or lender credits can lower cash to close.
Questions people ask
How much are closing costs?
Usually 2% to 5% of the loan: $6,300 to $15,750 on a $315,000 loan, before prepaid insurance and escrow.
What is included in closing costs?
Loan origination and points, appraisal, credit report, title search and insurance, recording fees, transfer taxes, and prepaid interest, insurance and escrow deposits.
Can closing costs be rolled into the loan?
On a purchase, usually not directly, but sellers can pay some through concessions, and lender credits trade a higher rate for lower costs.
When do I see my closing costs?
Lenders must give a Loan Estimate within three business days of your application and a Closing Disclosure at least three business days before closing.
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Sources
Updated by the RateHerald team. The maths is tested against worked examples; report a problem.