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Closing Cost Calculator

Estimate closing costs as a percentage of the property price for budgeting a purchase.

calculatorPublished 2026/06/02Last verified 2026/06/07

Closing Cost Calculator

Rough estimate = property price × cost rate. Actual closing costs vary by location and lender.

Estimated closing costs

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What are closing costs?

Closing costs are the fees and charges paid at the close of a real estate transaction — on top of the down payment. They typically run 2–5% of the purchase price, though the exact figure varies widely by location and lender.

The estimate

Estimated closing costs = Property price × Cost rate %

This tool gives a quick, rough estimate. It does not itemize individual charges.

How to use it

  1. Enter the property price.
  2. Enter a cost rate (try 2–5% if you are unsure).

For example, a $400,000 property at a 3% rate gives an estimated $12,000 in closing costs.

⚠️ This is an estimate only

Actual closing costs depend on local transfer taxes, title insurance, lender fees, appraisal, recording fees, and prepaid items — which differ by state, county, and lender. Always get a Loan Estimate and a closing disclosure for real figures, and confirm rates for your specific location.

FAQs

How accurate is this estimate?
It is a rough planning estimate based on a flat percentage of the price. Actual closing costs depend on local transfer taxes, title insurance, lender fees, and prepaid items, so always confirm with a Loan Estimate for your specific transaction and location.
What percentage should I use?
Closing costs commonly run 2–5% of the purchase price. If you are unsure, 3% is a reasonable midpoint for a quick estimate, but your area may be higher or lower.
Are closing costs separate from the down payment?
Yes. Closing costs are paid in addition to your down payment. Budget for both when planning the cash you need to close.
What is included in closing costs?
Typically lender/origination fees, appraisal, title search and insurance, recording fees, transfer taxes, and prepaid items like property tax and insurance escrow. The exact mix varies by location and lender.

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