Closing Costs Calculator

This interactive calculator helps home buyers and sellers estimate closing costs with a clear, itemized breakdown and cash-to-close or net-proceeds summary. It’s built for accuracy, accessibility, and transparency so you can plan with confidence.

Calculator Inputs

Choose your role
Enter the total contract price.
Down payment *
Choose percent or amount. The other field will be computed for reference.
Used to estimate per-diem interest from the day you close until your first monthly payment.
Typical fixed-rate mortgage range 5%–8%.
Advanced fees and prepaids
Each point costs 1% of the loan amount and typically lowers your interest rate by about 0.25% (varies by lender).
0–3 points is common; optional.
Often 0.5%–1.0% of the loan amount.
Percent of purchase price (typical range 0.2%–0.5%, varies by state).
Percent of purchase price (typical range 0.4%–0.8%, varies by state).
Percent of purchase price. Use 0% if not applicable in your area.
Estimated days of interest paid upfront at closing.
Annual rate as a percent of purchase price (proxy). Replace with your local rate if known.
Initial escrow deposit collected at closing for property taxes.
Initial escrow deposit for homeowner’s insurance.
Typical range 4%–6% of price split between listing and buyer’s brokers; negotiable.
Reduces the buyer’s cash to close and the seller’s net proceeds.
Outstanding mortgage balance to be paid at closing (seller only).

Results

Role Buyer
Loan amount $0
Estimated closing costs $0
Closing costs as % of price 0.0%
Estimated cash to close $0

Itemized breakdown Buyer

Estimates for planning purposes only. Your Loan Estimate and Closing Disclosure will provide actual figures.

Data Source and Methodology

Primary references:

Tutti i calcoli si basano rigorosamente sulle formule e sui dati forniti da questa fonte.

Where state or lender-specific schedules vary, the tool uses industry-typical ranges and lets you adjust line items to mirror your transaction.

The Formula Explained

Buyer side

Loan = Price - DownPayment

Points = Loan \times \frac{Points\%}{100}

Origination = Loan \times \frac{Origination\%}{100}

LenderTitle = Price \times \frac{LenderTitle\%}{100}

OwnerTitle_{BuyerPortion} = Price \times \frac{OwnerTitle\%}{100} \quad \text{(if Buyer pays)}

TransferTax_{BuyerPortion} = Price \times \frac{TransferTax\%}{100} \times s where s \in \{0, \tfrac{1}{2}, 1\} for Seller/Split/Buyer.

PerDiemInterest = Loan \times \frac{Rate\%}{100} \times \frac{Days}{365}

TaxEscrow = Price \times \frac{TaxRate\%}{100} \times \frac{MonthsTax}{12}

InsEscrow = \frac{AnnualInsurance}{12} \times MonthsIns

BuyerClosingCosts = \sum(\text{line items})

CashToClose = DownPayment + BuyerClosingCosts - SellerCredits

Seller side

OwnerTitle_{SellerPortion} = Price \times \frac{OwnerTitle\%}{100} \quad \text{(if Seller pays)}

TransferTax_{SellerPortion} = Price \times \frac{TransferTax\%}{100} \times (1 - s) with the same s mapping.

Commission = Price \times \frac{Commission\%}{100} \quad \text{(if included)}

SellerClosingCosts = \sum(\text{seller line items})

NetProceeds = Price - Commission - SellerClosingCosts - MortgagePayoff - SellerCredits

Glossary of Variables

How It Works: A Step-by-Step Example

Scenario: Buyer purchasing a $450,000 home with 20% down, 6.5% interest rate, 0 points, 0.5% origination, lender’s title 0.25%, owner’s title paid by seller, transfer tax 0.3% paid by seller, appraisal $600, credit $40, inspection $500, recording $125, 15 days per-diem, property tax 1.0% with 3 months escrow, annual insurance $1,200 with 3 months escrow, seller credits $0.

This fits within typical buyer cost ranges (about 1.5% of price here, excluding owner’s title and transfer tax paid by the seller).

Frequently Asked Questions (FAQ)

How do closing costs differ from the down payment?

The down payment reduces the loan amount. Closing costs are additional fees and prepaids required to complete the transaction.

Can I roll closing costs into the loan?

Sometimes. For purchases, rolling costs into the loan may require a higher price or lender credit; refis more commonly allow it. Program rules apply.

Are estimates in this calculator legally binding?

No. They are planning estimates. Your lender’s Loan Estimate and Closing Disclosure detail actual charges.

Do I need an owner’s title policy?

It’s optional but strongly recommended to protect your ownership. In many markets, the seller pays it; this is negotiable.

Why do costs vary by location?

State and local transfer taxes, title premiums, and recording schedules vary widely, as do customary payor splits.

What if my down payment exceeds the purchase price?

That’s invalid. The tool will prompt you to correct the value—down payment cannot exceed the price.

How can I reduce cash to close?

Negotiate seller credits, seek lender credits in exchange for a higher rate, or adjust discretionary items like discount points.

Tool developed by Ugo Candido. Content verified by CalcDomain Editorial.
Last reviewed for accuracy on: .