Closing Costs Calculator
Estimate the closing costs associated with your home purchase. Understand all the fees you'll need to pay at closing.
Enter your home's purchase price, down payment, and loan details to estimate your closing costs.
Connect with a lender to get pre-approved for your home purchase
Understanding Closing Costs
Closing costs are the fees and expenses you'll pay when finalizing your home purchase. These costs go beyond just the down payment and the price of the home itself. Closing typically occurs on the day you sign all the final paperwork and receive the keys to your new home.
Closing costs typically range from 2% to 5% of the total home purchase price. For a $350,000 home, you could expect closing costs between $7,000 and $17,500. However, the exact amount depends on your location, loan type, lender, and specific circumstances of the transaction.
The major categories of closing costs include lender fees (origination fees, appraisals, credit reports), title-related fees (title search, title insurance), and prepaid items (property taxes, homeowners insurance, and mortgage insurance if applicable).
One of the most important things to know about closing costs is that they're negotiable. You can shop around for the best rates on your mortgage, request the seller to pay some of your closing costs, or negotiate with your lender to waive certain fees.