For home buyers
Buyer Closing Cost Calculator
Estimate the closing costs a buyer pays and your total cash to close — the down payment plus lender, title, and settlement fees.
How much are buyer closing costs?
A buyer’s closing costs are typically 2%–5% of the home price. Most of it scales with the loan — origination is about 0.5%–1% of the loan amount and lender’s title insurance about 0.5% — plus an appraisal, inspection, settlement fee, recording, and a survey. Enter your price and down payment for an itemized estimate and your cash to close.
Transfer tax: 0.7% of price (statewide typical)
Sets the loan amount ($320,000).
Estimated closing costs
$7,600
about 1.9% of the price
- Loan origination (0.5% of loan)
- $1,600
- Appraisal fee
- $500
- Home inspection
- $400
- Lender's title insurance (0.5% of loan)
- $1,600
- Owner's title insurance (0.5% of price)
- $2,000
- Settlement / escrow fee
- $800
- Credit report & processing
- $150
- Recording & government fees
- $150
- Survey
- $400
- Total closing costs
- $7,600
Cash to close$87,600.00
Down payment $80,000+ closing costs. Excludes prepaids (escrow & prepaid interest).
What’s in a buyer’s closing costs
The biggest buyer fees are tied to the mortgage: loan origination, the appraisal the lender requires, and lender’s title insurance. On top of those come a home inspection, the settlement/escrow fee, recording fees, and often a survey. Your cash to close is those costs plus your down payment — and, in real life, prepaids that seed your escrow account (property tax, insurance, and prepaid interest), which this tool notes but leaves out of the closing-cost total.
Frequently asked questions
How much are closing costs?+
For buyers, closing costs typically run 2%–5% of the home price — on a $400,000 home that's about $8,000–$20,000, most of it lender and title fees. For sellers, closing costs are usually 6%–10% of the price because they include the real-estate agent commission (about 5%–6%) plus title, settlement, and any state transfer tax. Enter your price above and switch between buyer and seller for a full itemized estimate.
Who pays closing costs, the buyer or the seller?+
Both do — but they pay different things. The buyer pays the lender's fees (origination, appraisal, credit report), title insurance, and prepaids; the seller pays the agent commission and, in most states, the transfer tax and owner's title policy. Many of these are negotiable, and buyers sometimes ask the seller for a 'closing cost credit' to cover part of their side.
How much are closing costs for a buyer?+
A buyer's closing costs are usually 2%–5% of the purchase price, driven by the loan: origination is about 0.5%–1% of the loan amount, lender's title insurance about 0.5%, plus an appraisal ($300–$600), inspection, settlement/escrow fee, recording, and a survey. Add prepaids (property-tax and insurance escrow, prepaid interest) and you get your total cash to close.
How much are closing costs for a seller?+
A seller's closing costs typically total 6%–10% of the sale price. The real-estate agent commission (about 5%–6%, split between the buyer's and seller's agents) is by far the largest piece. On top of that come owner's title insurance, a settlement or attorney fee, deed recording, and — in about two-thirds of states — a transfer or conveyance tax.
What is 'cash to close'?+
Cash to close is the total amount a buyer must bring to the closing table: the down payment plus closing costs (and prepaids), minus any deposit already paid and any seller or lender credits. This calculator's buyer mode adds your down payment to the itemized closing costs to show that figure.
Are these closing-cost estimates exact?+
No — treat them as planning estimates. Lender fees, title quotes, and agent commissions are negotiable and vary by company, and transfer tax varies by county and city within a state. Your lender's Loan Estimate (issued within three days of applying) and the final settlement statement are the authoritative numbers.
Selling instead? Estimate seller closing costs and net proceeds.
Fee defaults are national averages and are negotiable — your lender’s Loan Estimate is the authoritative figure for your purchase.