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Closing Costs Calculator

Estimate lender and third-party fees on a home purchase.

🔒 Runs entirely in your browser — nothing here is ever uploaded

Last reviewed 2026-08-25

About the Closing Costs Calculator

Estimates the lender and third-party fees due at closing on a home purchase — separate from your down payment — using the commonly cited 2-5% of loan amount range.

How to use it
  1. Enter your Loan amount (the amount you're borrowing, not the home's purchase price).
  2. Read the typical estimate and the low-to-high range in the result panel.
Formula
Closing costs ≈ loan amount × 2% to 5% Covers lender fees (origination, application, underwriting), third-party fees (appraisal, title search and insurance, credit report), recording fees, and prepaid items (homeowners insurance, property tax escrow) — the commonly cited range across mortgage-industry sources for a home purchase. Actual costs vary by lender, loan type, location, and negotiated seller credits.
Worked example

A $360,000 loan amount falls between $7,200 (2%) and $18,000 (5%) in estimated closing costs, with $12,600 (3.5%) as a rough midpoint — your lender's Loan Estimate document will show your actual figure once you're under contract.

Interpreting your result

This estimates a purchase mortgage's closing costs. A refinance typically runs somewhat lower as a share of the loan (no new title insurance policy is always required, for instance) — see this site's Mortgage Refinance Calculator, which cites a separate 3-6% refinance-specific range from Chase.

Recommendations
  • Your lender is legally required to provide a Loan Estimate within 3 business days of application, itemizing your actual closing costs — use this calculator for early planning, then switch to the real document once you have one.
  • Some closing costs are negotiable or shoppable (title insurance, home inspection) even when others aren't (recording fees, transfer taxes) — ask which fees you can compare across providers.
  • Asking the seller for a closing-cost credit, where market conditions allow it, is a common way to reduce your cash needed at closing without changing the purchase price.
Frequently asked questions
No — these are separate. The down payment reduces your loan principal; closing costs are fees for originating and finalizing the loan and transferring the property, due in addition to the down payment.
See the full methodology and sources for every finance calculator
Disclaimer

Illustrative estimate only, not financial or tax advice. Verify figures with a licensed adviser or your local tax authority.