USA: Mortgage & home
Closing Cost Calculator
Know how much cash to bring on closing day. Closing costs typically add 2-5% of the price on top of your down payment. This calculator adds up lender fees, discount points, title and settlement, appraisal and inspection, recording and transfer taxes, and prepaid tax and insurance.
How to use the Closing Cost Calculator
- Enter the home price and down payment.
- Adjust lender fees, points and title costs from your quotes.
- Enter your local transfer tax and prepaid months.
- Read total closing costs and cash to close.
Formula
Example
On a $400,000 home with 20% down, closing costs of about $11,000-$13,000 are common, so you need roughly $92,000 in total.
Ways to cut closing costs
- Compare Loan Estimates from several lenders
- Ask the seller for a closing-cost credit
- Shop for title insurance and settlement services where allowed
- Close near the end of the month to reduce prepaid interest
- Look for first-time buyer assistance programs in your state
Related free tools
Frequently asked questions
Who pays closing costs?
Usually the buyer pays loan-related costs and the seller pays agent commissions, but everything is negotiable.
What are prepaids?
Money set aside up front for property tax, homeowners insurance and interest until your first payment.
Can closing costs be added to the loan?
On a purchase usually not, but a seller credit or lender credit can cover them.
When will I know the exact amount?
Your lender sends a Closing Disclosure at least three business days before closing.
Results are estimates for planning, not financial advice. Confirm important decisions with a qualified professional. Your inputs stay in your browser and are not sent to Soft2Cloud.
Last updated: November 2026