Closing Cost Calculator
Estimate buyer closing costs, loan fees, prepaid expenses, credits, and the total cash you may need at closing.
Purchase & Closing Details
Closing Cost Results
How to Use the Closing Cost Calculator
Enter the home purchase price, down payment, loan origination fee, appraisal fee, inspection cost, title and settlement costs, government fees, prepaid expenses, and any seller or lender credits. Realtolic will automatically estimate your buyer closing costs, loan amount, down payment, and total cash needed at closing.
Closing Cost Calculator Example
For example, suppose you purchase a $400,000 home with a 20% down payment. Your estimated loan amount is $320,000. Using the example fees in this calculator, costs before credits are about $14,450. After $3,000 in seller or lender credits, estimated buyer closing costs are $11,450, or about 2.86% of the purchase price. Including the $80,000 down payment, estimated cash needed at closing is $91,450.
What Are Closing Costs?
Closing costs are expenses paid as part of completing a real estate purchase and mortgage transaction. They can include lender fees, appraisal costs, title and settlement charges, inspection costs, government or recording fees, prepaid taxes, insurance, and other transaction expenses.
How Are Closing Costs Calculated?
Closing costs depend on the property, loan, lender, location, and transaction. This calculator adds the loan costs, third-party and government fees, and prepaid expenses you enter, then subtracts applicable seller or lender credits.
Closing Cost Calculator FAQs
Are closing costs included in the down payment?
No. The down payment and closing costs are separate amounts. This calculator shows both and estimates their combined cash requirement.
Can the seller help pay closing costs?
Seller credits may reduce some buyer closing costs when permitted by the transaction and loan terms.
Are closing costs the same everywhere?
No. Costs can vary significantly by location, property, lender, loan type, service providers, and transaction.
Are prepaid taxes and insurance closing costs?
They may be part of the cash collected at closing. This calculator shows prepaid costs separately so users can better understand the estimate.