Closing Cost Calculator
Estimate buyer closing costs from home price and down payment, with a fee-by-fee breakdown and total cash to close.
Buying a home costs more than the down payment. Enter the price, down payment, and typical fee inputs — origination, title, recording, prepaid interest, and escrows — to see each cost itemized, the total closing costs as a percentage of the price, and the full cash you need to bring to closing.
How to use this calculator
- Enter the home price and your planned down payment.
- Adjust the origination and title fee percentages and recording fees to match your lender's estimate.
- Enter prepaid interest days, your loan rate, annual insurance, property tax, and escrow cushion.
- Click Calculate to see each fee itemized plus total closing costs and cash to close.
The formula
Total = origination + title + recording + prepaid interest + insurance escrow + tax escrow; cash to close = down payment + total.
Worked example
On a $400,000 home with $80,000 down ($320,000 loan): a 1% origination fee is $3,200, title fees at 0.5% are $2,000, plus $500 recording, $854.79 prepaid interest (15 days at 6.5%), and $1,100 in escrows — $7,654.79 total, or $87,654.79 cash to close.
Frequently Asked Questions
How much are closing costs typically?
Buyer closing costs typically run 2% to 5% of the home price, though the exact figure depends on the loan type, location, and negotiated fees. On a $400,000 home that means roughly $8,000 to $20,000 on top of the down payment. This calculator itemizes the major components so you can see where the money goes.
What fees are included in closing costs?
Common buyer costs include the loan origination fee, title search and title insurance, settlement or attorney fees, recording and government fees, prepaid interest from closing day to month-end, and escrow deposits for homeowners insurance and property taxes. Lender fees and third-party fees are the two big buckets, and both are negotiable to a degree.
Can I negotiate or reduce closing costs?
Yes. You can shop lenders for lower origination fees, ask the seller for closing cost credits as part of your offer, and choose your own title company in many states. Lender credits — accepting a slightly higher rate in exchange for the lender covering costs — can also reduce cash to close. Always compare the official Loan Estimate forms line by line.
What is cash to close?
Cash to close is the total money you must bring to the settlement table: your down payment plus all closing costs, minus any deposits or credits already applied. It is the real number to budget for, and it appears on page 1 of your Closing Disclosure. Use this calculator to estimate it before you get the official disclosure.
Are closing costs tax deductible?
Some closing costs are deductible and some are not. Mortgage points paid to buy down the rate and prepaid interest are generally deductible as mortgage interest, while title insurance, recording fees, and escrow deposits are not. Keep your settlement statement for tax time and confirm with a tax professional.