What is the Closing Cost Calculator?

The Closing Cost Calculator estimates buyer and seller closing costs including title fees, taxes, insurance, and lender charges based on property location.

What closing costs do buyers pay?

Buyers typically pay loan origination fees, appraisal, title insurance, escrow fees, prepaid taxes/insurance, and recording fees.

What closing costs do sellers pay?

Sellers typically pay real estate commissions, transfer taxes, title insurance for buyer, prorated taxes, and any agreed repairs or credits.

Do closing costs vary by state?

Yes, transfer taxes, title insurance rates, and customs vary significantly by state and even county. The calculator adjusts for location.

Free Calculator

Closing Cost Calculator

Estimate your closing costs for buying or selling a home. Get a detailed breakdown of title fees, transfer taxes, loan costs, and more based on your state.

Property Details

Enter transaction info

I am a...

State

County tax, cities may add more

Purchase Price

Down Payment

20.0% of purchase price

Purchase Price

$450,000

Total Closing Costs

$14,062

3.12% of price

Cash to Close

$104,062

Cost Breakdown

Itemized closing costs for buyers

Loan Costs

$4,675

Loan Origination Fee(1% of loan)

$3,600

Discount Points(0 point(s))

Appraisal Fee

$500

Credit Report

$50

Underwriting Fee

$500

Flood Certification

$25

Title & Settlement

$4,150

Title Insurance (Lender's)(0.5% of price)

$2,250

Title Search

$250

Escrow/Settlement Fee

$1,500

Recording Fees

$150

Prepaid Items

$4,787

Prepaid Interest (~15 days)

$962

Homeowners Insurance (1st year)

$1,350

Property Tax Reserve

$1,350

Escrow Reserves

$1,125

Other Costs

$450

Home Inspection

$450

Transfer Tax (CA)(County tax, cities may add more)

Total Closing Costs$14,062

Down Payment$90,000

Cash to Close$104,062

How It Works

1. Enter Property Details

Input your purchase price, down payment, and select whether you are a buyer or seller.

2. Select Your State

Choose your state to get accurate transfer tax rates and state-specific closing costs.

3. Get Your Estimate

Instantly see a detailed breakdown of all closing costs and your cash to close or net proceeds.

Understanding Closing Costs

Common questions about closing costs for home buyers and sellers

Tips to Reduce Closing Costs

For Buyers:

•Compare loan estimates from multiple lenders
•Ask for seller concessions in your offer
•Close at end of month to reduce prepaid interest
•Shop around for title insurance and escrow

For Sellers:

•Negotiate agent commission rates
•Compare title company fees
•Understand which costs are negotiable vs fixed
•Consider selling FSBO to save commission (with caution)

Understanding Closing Costs in Real Estate Transactions

Closing costs are an essential part of any real estate transaction that both buyers and sellers must budget for. These fees and expenses go beyond the purchase price of the property and cover essential services needed to transfer ownership. Our free closing cost calculator helps you estimate these costs based on your specific state, giving you a clearer picture of what to expect at the closing table.

Why Closing Costs Vary by State

One of the biggest factors affecting closing costs is your location. Transfer taxes, also known as deed taxes or documentary stamp taxes, vary dramatically from state to state. Some states like Texas and Wyoming have no transfer tax at all, while states like Delaware and Pennsylvania can charge over 2% of the purchase price. Additionally, some states require attorney involvement in real estate transactions, adding to the overall cost.

Budgeting for Closing Costs

Buyers should typically budget 2-5% of the purchase price for closing costs, while sellers should expect 6-10% (with agent commissions being the largest expense). By using this calculator early in your home buying or selling journey, you can better plan your finances and avoid surprises. Remember that many closing costs are negotiable, and strategies like asking for seller concessions can help reduce your out-of-pocket expenses.

Closing Costs and Real Estate Exams

Understanding closing costs is crucial for real estate professionals and those preparing for licensing exams. Exam questions often cover proration calculations, transfer tax computations, and identifying which party pays specific costs. Use this calculator to practice various scenarios and build your understanding of how closing costs are calculated and allocated in real estate transactions.