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Closing costs calculator

Quick answer

Buyer closing costs usually total 2% to 5% of the loan amount. They include lender origination fees, the appraisal, title insurance and settlement fees, recording fees and transfer taxes, plus prepaid homeowners insurance, property tax escrow and interest. Enter your price and down payment to estimate your costs and total cash to close.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Estimated closing costs

$10,163

3.1% of loan · Cash to close ~$27,663

Lender origination & underwriting (~1% of loan)
$3,325
Appraisal
$650
Credit report & verification
$150
Title insurance & settlement
$1,750
Recording fees & transfer taxes
$950
Prepaid homeowners insurance (12 months)
$1,575
Property tax escrow (3 months)
$875
Prepaid interest (~15 days)
$888

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Who pays closing costs?

Buyers pay most lender and title charges, but sellers can contribute through concessions negotiated in your offer, and some lenders offer credits for a slightly higher rate. Customs for transfer taxes and title insurance vary by state.

Frequently asked questions

Most aren't, but prepaid mortgage interest, points and property taxes may be deductible if you itemize. Ask a tax professional.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.