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Closing Costs Calculator
Get an accurate estimate of your closing costs for buying or refinancing a home. Our calculator includes all major fees and provides a detailed breakdown of expenses you'll pay at closing.
Typical Closing Costs Include:
- • Loan origination fee (0.5-1% of loan)
- • Appraisal fee ($400-$600)
- • Title search & insurance ($500-$1,500)
- • Home inspection ($300-$500)
- • Attorney/Settlement fees ($500-$1,000)
- • Recording fees ($100-$300)
- • Property taxes (prorated)
- • Homeowners insurance (first year)
Transaction Details
Cost Summary
$15,854
Total Closing Costs
4.95% of loan amount
Down Payment:$80,000
Closing Costs:$15,854
Cash Needed:$95,854.79
Detailed Breakdown
Lender Fees
Loan Origination:$3200.00
Appraisal:$500.00
Credit Report:$50.00
Subtotal:$3750.00
Third-Party Fees
Title Insurance:$1600.00
Title Search:$400.00
Survey:$500.00
Attorney Fees:$1500.00
Home Inspection:$500.00
Pest Inspection:$150.00
Subtotal:$4650.00
Government Fees
Recording Fees:$200.00
Transfer Tax:$2800.00
Subtotal:$3000.00
Prepaid Items
First Year Insurance:$1200.00
Property Tax Escrow:$2400.00
Prepaid Interest:$854.79
Subtotal:$4454.79
Note: These are estimates. Actual closing costs may vary based on lender, location, and specific transaction details. Always request a Loan Estimate from your lender.
Ways to Reduce Closing Costs
Shop Around:
- • Compare lender fees and rates
- • Get quotes from multiple title companies
- • Shop for homeowners insurance
Negotiate:
- • Ask seller to pay closing costs
- • Request lender credits
- • Time closing strategically (end of month)