Mortgage Closing Costs Calculator
Estimate the total closing costs on your home purchase, with an itemized breakdown of typical lender, title, and prepaid escrow fees. Enter your numbers to see where every dollar goes.
Purchase Details
Used to estimate the escrow deposit at closing
First year is typically paid upfront at closing
Estimated Total Closing Costs
$13,005
About 3.3% of the home price
Typical Range (2%–5% of Price)
Low (2%)
$8,000
Itemized Estimate
$13,005
High (5%)
$20,000
Itemized Cost Breakdown
| Fee | Estimate |
|---|---|
| Loan origination fee ~1% of loan amount; covers lender processing & underwriting | $3,200 |
| Appraisal fee Independent valuation of the home | $600 |
| Credit report fee Pulling your credit history | $50 |
| Title insurance Owner's + lender's policies protecting against title defects | $2,000 |
| Title & escrow services Settlement agent, closing, and escrow handling | $900 |
| Recording fees Government fees to record the deed & mortgage | $150 |
| Survey fee Confirms property boundaries (not always required) | $450 |
| Prepaid interest Interest from closing day to your first payment | $855 |
| Property tax escrow Several months of taxes deposited into escrow | $3,000 |
| Prepaid homeowners insurance First year's premium paid upfront | $1,800 |
| Total | $13,005 |
Estimates only. Actual closing costs vary by lender, state, and loan type. Your Loan Estimate and Closing Disclosure show the exact figures.
What Are Mortgage Closing Costs?
Closing costs are the fees and prepaid expenses you pay to finalize a home purchase, separate from your down payment. They cover the work involved in originating the loan, verifying the property, transferring the title, and setting up your escrow account. In total they usually add up to between 2% and 5% of the home's purchase price.
The fees fall into three broad buckets. Lender fees pay for processing and underwriting your loan. Third-party fees cover services like the appraisal, title search and insurance, settlement agent, survey, and government recording charges. Prepaid items are amounts collected in advance — your first year of homeowners insurance, interest from your closing date to your first payment, and a cushion of property taxes deposited into escrow.
Within three business days of applying, your lender must send a Loan Estimate that lists these costs. Just before closing you receive a Closing Disclosure with the final figures. Compare the two documents carefully — some fees are fixed, but others (like the origination charge or title services) can be shopped or negotiated to save money.
Frequently Asked Questions
How much are closing costs on a mortgage?
Closing costs typically range from 2% to 5% of the home's purchase price. On a $400,000 home, that is roughly $8,000 to $20,000. The total depends on your loan amount, lender fees, your state's title and recording charges, and how much of your property taxes and insurance must be prepaid into escrow at closing.
What is included in closing costs?
Closing costs include lender fees (origination, underwriting, credit report), third-party fees (appraisal, title insurance, settlement/escrow, survey, recording), and prepaid items (homeowners insurance for the first year, prepaid interest from closing to your first payment, and several months of property taxes deposited into an escrow account).
Can I roll closing costs into my loan?
Sometimes. On a refinance you can often add closing costs to the loan balance. On a purchase, you generally cannot finance closing costs directly, but you can negotiate seller concessions (the seller pays part of your costs) or accept a slightly higher rate in exchange for lender credits that offset the costs.
Who pays closing costs, the buyer or the seller?
Buyers pay most closing costs, including lender and loan-related fees. Sellers typically pay the real estate agent commissions and, in some markets, transfer taxes. Many of these items are negotiable, and buyers frequently ask sellers for concessions to help cover costs as part of the purchase contract.