Closing Cost Estimator
Estimate your closing costs line by line — every item is an editable assumption, with the total shown in cash and as a percentage of price.
Purchase
Loan amount $320,000
Adjust cost assumptions
Estimated Closing costs
$9,583
About 2.4% of the $400,000 price.
Itemized estimate
- Loan origination & lender fees
- $3,200
- Appraisal & inspection
- $600
- Title insurance & search
- $2,000
- Settlement / escrow / legal
- $1,200
- Recording & Transfer tax
- $1,600
- Prepaid Property tax + insurance
- $983
- Total
- $9,583
These costs vary widely by location, lender, and property. They are editable estimates — get a Loan Estimate from your lender for exact figures.
How this estimator works
We build the total from individual line items: percentage-based fees scale with the loan or price (origination, title, transfer taxes), flat fees are fixed amounts (appraisal, settlement), and prepaids are a few months of property tax and insurance held in escrow. Adjust any line to match quotes you receive — these are starting assumptions, not a binding estimate.
Closing costs are upfront cash, so they matter for the rent vs buy comparison and your down payment plan. For the full picture of buying and selling costs, read the closing and selling costs guide.
Frequently asked questions
How much are closing costs?
For buyers, closing costs commonly run about 2–5% of the purchase price, depending on location, lender fees, and local transfer taxes. This estimator itemizes the main components so you can adjust each to your situation.
What's included in closing costs?
Typical buyer costs include loan origination and lender fees, appraisal and inspection, title insurance and search, settlement or escrow and legal fees, recording and transfer taxes, and prepaid property tax and insurance held in escrow. Sellers usually pay agent commissions separately.
Are closing costs separate from the down payment?
Yes. The down payment is your equity in the home; closing costs are transaction fees paid on top. Both are cash you need at closing, which is why the rent vs buy calculator counts them as upfront cash when comparing scenarios.