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  1. Home
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Closing Cost Calculator

Estimate your home buying closing costs

Closing Costs: 2-5% of Home Price

Includes lender fees, title insurance, taxes, and prepaid items

$
%

Total Cash Needed at Closing

$91,055

Down Payment

$80,000

Closing Costs

$11,055

Closing Costs as % of Price

2.76%

Closing Cost Breakdown

Lender Fees$2,900
Title & Escrow Fees$3,650
Government Fees$950
Prepaid Items$3,555
Total Closing Costs$11,055

Itemized closing costs with percentage of loan

Frequently Asked Questions

Q

How much are closing costs?

Closing costs typically range from 2-5% of the home price. On a $400,000 home, expect $8,000-$20,000 in closing costs. FHA loans often have higher costs due to upfront mortgage insurance.

Q

What is included in closing costs?

Closing costs include: lender fees (origination, underwriting, appraisal), title fees (title insurance, search, escrow), government fees (recording, transfer taxes), and prepaid items (property taxes, insurance, mortgage insurance).

Q

Can the seller pay closing costs?

Yes, you can negotiate seller concessions. Limits vary by loan type: Conventional allows 3-9% depending on down payment, FHA allows up to 6%, VA allows up to 4% plus reasonable fees.

Q

Are closing costs tax deductible?

Some closing costs are deductible: mortgage points, property taxes paid at closing, and mortgage interest. Title fees, recording fees, and most other costs are not deductible for a primary residence.

Q

Can I roll closing costs into the mortgage?

VA and USDA loans allow financing closing costs. FHA allows financing the upfront MIP. Conventional loans require closing costs paid upfront, but you may be able to use a higher interest rate with lender credits.

Q

What are prepaid items?

Prepaid items are costs paid in advance at closing: 1 year homeowner's insurance, 2-6 months property taxes (escrow), mortgage insurance, and daily interest from closing to month-end.

Example Calculations

1Conventional Loan with 20% Down

Inputs

Home Price$400,000
Down Payment20%
Loan TypeConventional

Result

Total Cash Needed$91,055
Down Payment$80,000
Total Closing Costs$11,055
Closing Costs %2.76%
Lender Fees$2,900
Title Fees$3,650
Government Fees$950
Prepaid Items$3,555

Loan = $320,000. Lender fees: origination ($1,600) + underwriting ($750) + appraisal ($500) + credit ($50) = $2,900. Title fees: insurance ($2,000) + search ($400) + escrow ($500) + attorney ($750) = $3,650. Government: recording ($150) + transfer tax ($800) = $950. Prepaids: 3 mo. taxes ($1,200) + 1 yr insurance ($1,500) + 15 days interest ($855) = $3,555. No mortgage insurance at 20% down. Total closing = $11,055 (2.76%).

2FHA Loan with 5% Down

Inputs

Home Price$300,000
Down Payment5%
Loan TypeFHA

Result

Total Cash Needed$29,774
Down Payment$15,000
Total Closing Costs$14,774
Closing Costs %4.92%
Lender Fees$2,725
Title Fees$3,150
Government Fees$750
Prepaid Items$8,149

Loan = $285,000. Lender fees: origination ($1,425) + underwriting ($750) + appraisal ($500) + credit ($50) = $2,725. Title: insurance ($1,500) + search ($400) + escrow ($500) + attorney ($750) = $3,150. Government: recording ($150) + transfer ($600) = $750. Prepaids include FHA upfront mortgage insurance ($285,000 × 1.75% = $4,988), plus taxes ($900), insurance ($1,500), and prepaid interest ($761) = $8,149. Total closing = $14,774 (4.92%).

Formulas Used

Total Closing Costs

Closing Costs = Lender Fees + Title Fees + Government Fees + Prepaid Items

Sum of all closing cost categories. Typically 2-5% of the home price.

Where:

Lender Fees= Origination (0.5% of loan) + underwriting ($750) + appraisal ($500) + credit report ($50)
Title Fees= Title insurance (0.5% of price) + title search ($400) + escrow ($500) + attorney ($750)
Government Fees= Recording fee ($150) + transfer tax (0.2% of price)
Prepaid Items= 3 months property tax + 1 year insurance + mortgage insurance (if applicable) + 15 days prepaid interest

Total Cash Needed at Closing

Cash Needed = Down Payment + Total Closing Costs

The total amount of cash you need to bring to the closing table.

Where:

Down Payment= Home price × down payment percentage
Total Closing Costs= Sum of all fees and prepaid items

Closing Cost Percentage

Closing Cost % = (Total Closing Costs / Home Price) × 100

Closing costs expressed as a percentage of the home purchase price.

Where:

Total Closing Costs= Sum of all closing cost categories
Home Price= Purchase price of the home

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Last Updated: Feb 12, 2026

This calculator is provided for informational and educational purposes only. Results are estimates and should not be considered professional financial, medical, legal, or other advice. Always consult a qualified professional before making important decisions. UseCalcPro is not responsible for any actions taken based on calculator results.

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