How the closing cost calculator works
Closing costs are the fees and prepaid items due when you finalise a home purchase, separate from the down payment. The calculator groups them the way a Loan Estimate does.
Title and escrow = Price × title %
Prepaids ≈ 6 months of property tax + 15 months of insurance
Total = Lender + Title + Prepaids + Other fees
Prepaids fund your escrow account and the first year of insurance; they are your money, held to pay future bills, but you still need the cash at closing. Title insurance rates are set by state and can be much higher or lower than the default. Seller credits, lender credits and state transfer taxes can change the total a lot, so use your official Loan Estimate and Closing Disclosure for the final figure.
Worked example
On a $400,000 purchase with 20% down, lender fees at 1% of the $320,000 loan are $3,200, title and escrow $3,200, prepaids $4,450 and other fees $1,500. Closing costs come to about $12,350 (3.09% of the price), and cash to close is about $92,350 including the $80,000 down payment.
Frequently asked questions
How much are closing costs for a buyer?
Typically 2% to 5% of the purchase price, depending on location, loan type and lender.
Can closing costs be rolled into the loan?
Some loans allow financing certain costs, or a slightly higher rate for lender credits. Purchase loans usually cannot simply add closing costs to the balance.
What are prepaids?
Upfront payments into escrow for property tax and insurance, plus prepaid interest for the rest of the closing month.
When do I get the final closing costs?
Your lender must send the Closing Disclosure at least three business days before closing.
Updated October 2026. Results are estimates for education, not financial or medical advice. All math runs in your browser; nothing you type is sent anywhere.