Closing Cost Calculator
Estimate your total closing costs with an itemized breakdown — origination, appraisal, title insurance, taxes, and prepaid items. Uses your state's transfer tax rate automatically.
Total Closing Costs
$14,377
3.19% of home price
Cash to Close
$104,377
Closing costs + down payment
State Transfer Tax Rate
0.00%
State portion only — local may add
Lender & Origination
$4,175- $3,600Loan origination fee~1% of loan amount. Varies by lender; some charge 0.5–2%.
- $575Application & underwritingLender admin fees.
Third-Party Services
$5,540- $650AppraisalLicensed appraiser required by lender.
- $40Credit report
- $500Home inspection (optional)Strongly recommended; not lender-required.
- $1,800Title search & insurance (lender's policy)~0.5% of loan amount. Required by lender.
- $1,800Owner's title insurance (optional)~0.4% of home price. Strongly recommended.
- $750Settlement / attorney feeClosing agent or attorney, depending on state.
Government / Recording
$175- $175Recording feesCounty recording of deed and mortgage.
- $0State transfer tax (Texas)0.00% of home price. Local add-ons may apply.
Prepaid Items & Escrow
$4,487- $962Prepaid interest (15 days)Interest from closing to end of month.
- $1,500Homeowner's insurance (first year)Paid upfront at closing; national average.
- $2,025Property tax escrow (3 months)Lender holds ~3 months of taxes in escrow reserve.
This is a planning estimate. Your actual costs will come from your lender's Loan Estimate (required within 3 days of your mortgage application) and the final Closing Disclosure (at least 3 days before closing). Lender fees, title insurance costs, attorney fees, and local recording fees vary — expect your actual bill to land within $1,500 of this estimate.
How to use this calculator
Enter the home price and pick your state. The calculator uses your state's transfer tax rate and typical national averages for the other fees. Adjust the down payment % to see how it affects your loan amount (which drives origination and title fees) and your total cash-to-close.
Pick Home Purchase for a new home loan, or Refinance to see refinance-specific closing costs (no transfer tax, no owner's title insurance, smaller prepaid items).
The breakdown is grouped into four categories: Lender & Origination, Third-Party Services, Government & Recording, and Prepaid Items. Hover or tap each line for notes about what it covers and typical ranges.
Compare this estimate against your lender's official Loan Estimate, which they're required to provide within 3 business days of your application. The actual final costs arrive in your Closing Disclosure, which you must receive at least 3 business days before closing.
How it works
Closing costs are the fees you pay to finalize a home purchase — on top of your down payment. For a purchase, expect them to run 2-5% of the home price. On a $400,000 home that's $8,000-$20,000, due on closing day.
There are four main categories. Lender fees pay your mortgage lender for processing the loan: origination fee (usually 1% of loan amount), underwriting, and application fees. Third-party services are the independent professionals your transaction requires: appraiser, title company, attorney or settlement agent, home inspector. Government fees are paid to the county and state: recording fees for filing the deed and mortgage, plus transfer tax (which varies wildly by state). Prepaid items are costs you'll pay anyway but paid upfront: prepaid mortgage interest, the first year of homeowner's insurance, and 2-3 months of property tax held in escrow.
Transfer tax is where closing costs vary most by state. Texas charges nothing. Delaware charges 2.5% of the sale price. Most states fall between 0.1% and 1.0%. On a $500,000 home, that's a difference of $0 in Texas vs. $12,500 in Delaware — just for the state tax.
Who pays what is negotiable. In most markets the buyer pays most closing costs, but you can ask the seller to contribute a seller concession (typically up to 3% of the sale price on conventional loans, 6% on FHA). In a slow market, sellers often concede closing costs to move the home; in a hot market, buyers typically pay everything.