Closing Cost Calculator
Calculate estimated closing costs for your home purchase. Get detailed breakdown of lender fees, title insurance, escrow costs, and government taxes to budget for your closing.
Property & Loan Details
Closing Cost Breakdown
Enter your home purchase details to calculate estimated closing costs and see detailed breakdown.
How to Use the Closing Cost Calculator
- Enter Property Details: Input home purchase price and loan amount
- Select Loan Type: Choose between conventional, FHA, VA, or USDA loans
- Choose Your State: Select state for accurate transfer tax calculations
- Add Optional Services: Include home inspection and appraisal if needed
- Customize Costs: Add any additional fees specific to your situation
- Review Breakdown: See detailed cost breakdown by category
Understanding Closing Cost Categories
Lender Fees
Title & Escrow
Third-Party Services
Prepaids & Escrows
Tips to Reduce Closing Costs
Negotiation Strategies
Smart Timing
Frequently Asked Questions
How much should I budget for closing costs?
Closing costs typically range from 2-5% of the home purchase price. For a $400,000 home, expect $8,000-$20,000 in closing costs depending on your location, loan type, and specific circumstances.
Can I roll closing costs into my loan?
Some closing costs can be rolled into your loan amount, but this increases your monthly payment and total interest paid. Alternatively, you can negotiate seller concessions or choose a no-closing-cost loan with a higher interest rate.
When do I get the final closing cost estimate?
You'll receive a Closing Disclosure at least 3 business days before closing. This document shows the final terms and closing costs. Compare it to your Loan Estimate to identify any significant changes.
Are closing costs tax deductible?
Some closing costs are tax deductible, including mortgage interest, property taxes, and loan origination fees (points). Consult a tax professional for specific advice about your situation.
Do VA and FHA loans have different closing costs?
VA loans don't allow certain fees and have a funding fee instead of PMI. FHA loans have upfront and annual mortgage insurance premiums. Both may have slightly different fee structures than conventional loans.