Mortgage Closing Costs Calculator
Estimate total closing costs for a home purchase.
Enter your values
ⓘ Live results
Results
- Loan amount
- $342,000.00
- Estimated closing costs
- $11,460.00
- Total cash needed at closing
- $49,460.00
- Closing costs as % of price
- 3.02%
Quick answer
Closing costs typically run 2-5% of the loan amount, covering lender fees, title insurance, taxes, prepaid interest and escrow setup.
Closing costs = loan amount x cost rate + fixed fees
How to use the Mortgage Closing Costs Calculator
- 1Enter the purchase price and planned down payment.
- 2Estimate the closing cost rate — 2-5% of the loan is typical.
- 3Add fixed fees like appraisal and inspection to get total cash needed.
Worked example
Using the values the calculator loads with:
Inputs
- Home purchase price380000 $
- Down payment38000 $
- Estimated closing cost rate3 % of loan
- Fixed fees (appraisal, inspection, etc.)1200 $
Results
- Loan amount$342,000.00
- Estimated closing costs$11,460.00
- Total cash needed at closing$49,460.00
- Closing costs as % of price3.02%
Frequently asked questions
Can the seller pay closing costs?
Yes, often via a seller credit negotiated into the purchase contract, subject to loan program limits.
Which costs are one-time vs. prepaid?
Lender/title fees are one-time; prepaid items like escrow and interest fund your ongoing account.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.