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Estimate closing costs from home price and loan — see total closing costs, per category and cash to close.
Estimate closing costs from home price and loan — see total closing costs, per category and cash to close.
Enter values above and click Calculate — results will appear here with the formula explained.
Closing costs run 1.5–3.5% of price, split across lender charges (origination, underwriting, points), third-party services (appraisal $300–600, title search/insurance, survey, inspections) and prepaid/escrows (taxes, insurance, prepaid interest). Cash to close adds down payment: $400k price with $320k loan at 2.5% closing means $10k costs plus $80k down = $90k cash.
Loan Estimate versus Closing Disclosure is the consumer-protection spine: lenders must issue the LE within 3 days of application and the CD 3 days before closing, with tolerance buckets (0% for lender fees, 10% for third-party, unlimited for prepaids). Compare your LE line-by-line at shopping time; surprise jumps at closing violate tolerance rules you can enforce.
Seller concessions and credits reshape cash to close: sellers may contribute 3–6% (program caps vary; investment properties tighter), lender credits trade higher rates for lower cash (each 0.125% rate ≈ 0.5 point ≈ thousands upfront), and down-payment assistance programs cover gaps with their own liens. Model net cash, not gross costs.
Prepaids confuse first-timers because they're timing, not fees: escrowed property taxes, 15 days–2 months prepaid interest (depends on closing date — close late in the month to minimize), and a year of homeowners insurance collected upfront. A month-end closing versus month-start can shift cash to close by a full interest installment.
Appraisal gaps and overruns deserve an explicit buffer: add ~1% ($4,000 on $400k) for appraisal shortfalls, re-inspections and repair credits that surface late. Closings exceed early estimates ~10% often enough that under-budgeted buyers scramble wire transfers the night before — carry the buffer as cash, not optimism.
Rolling costs into the loan is sometimes offered (lender credits, premium pricing, financed mortgage insurance) — every rolled dollar accrues interest for decades. Financing $5,000 of costs at 6.5%/30y costs ~$9,500 lifetime. Pay cash when the alternative is decades of interest on fees.
Estimate closing costs from home price and loan — see total closing costs, per category and cash to close. Formula: Closing = price*rate/100. Example: With $400k price, $320k loan, 2.5% closing: $10k costs + $80k down = $90k cash to close.
Closing costs run 1.5–3.5% of price, split across lender charges (origination, underwriting, points), third-party services (appraisal $300–600, title search/insurance, survey, inspections) and prepaid/escrows (taxes, insurance, prepaid interest). Cash to close adds down payment: $400k price with $320k loan at 2.5% closing means $10k costs plus $80k down = $90k cash.
Loan Estimate versus Closing Disclosure is the consumer-protection spine: lenders must issue the LE within 3 days of application and the CD 3 days before closing, with tolerance buckets (0% for lender fees, 10% for third-party, unlimited for prepaids). Compare your LE line-by-line at shopping time; surprise jumps at closing violate tolerance rules you can enforce.
Seller concessions and credits reshape cash to close: sellers may contribute 3–6% (program caps vary; investment properties tighter), lender credits trade higher rates for lower cash (each 0.125% rate ≈ 0.5 point ≈ thousands upfront), and down-payment assistance programs cover gaps with their own liens. Model net cash, not gross costs.
Prepaids confuse first-timers because they're timing, not fees: escrowed property taxes, 15 days–2 months prepaid interest (depends on closing date — close late in the month to minimize), and a year of homeowners insurance collected upfront. A month-end closing versus month-start can shift cash to close by a full interest installment.
Appraisal gaps and overruns deserve an explicit buffer: add ~1% ($4,000 on $400k) for appraisal shortfalls, re-inspections and repair credits that surface late. Closings exceed early estimates ~10% often enough that under-budgeted buyers scramble wire transfers the night before — carry the buffer as cash, not optimism.
Rolling costs into the loan is sometimes offered (lender credits, premium pricing, financed mortgage insurance) — every rolled dollar accrues interest for decades. Financing $5,000 of costs at 6.5%/30y costs ~$9,500 lifetime. Pay cash when the alternative is decades of interest on fees.
With $400k price, $320k loan, 2.5% closing: $10k costs + $80k down = $90k cash to close. A $5,000 appraisal gap pushes it to $95k — the buffer that separates smooth closings from wire-day panic.
Formulas are standard public references (see our methodology). External standards are cited in the text where they apply.
Last reviewed: September 2026 · Report an error