Closing Cost Estimator
Estimate buyer or seller closing costs for a home purchase or sale. Each line item is pre-filled with typical amounts and fully editable.
Closing Cost Estimate
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Closing Cost Estimator for Home Buyers and Sellers
This closing cost estimator helps you understand the fees, taxes, and prepaid items involved in buying or selling a home. Toggle between buyer and seller modes to see costs specific to your side of the transaction. All line items are pre-filled with typical industry estimates and are fully editable so you can customize them to your situation.
What Are Closing Costs?
Closing costs are the fees and expenses paid at the time of closing a real estate transaction, above and beyond the purchase price. For buyers, these typically range from 2% to 5% of the purchase price. For sellers, total costs including agent commissions usually range from 6% to 10% of the sale price.
Common Buyer Closing Costs
Buyer closing costs include loan origination fees, appraisal and inspection fees, title insurance and search, attorney and recording fees, survey fees, and prepaid items like property taxes, homeowners insurance, prepaid interest, and escrow deposits. These costs depend on your loan amount, location, and the specifics of your purchase agreement.
Common Seller Closing Costs
Seller closing costs include real estate agent commissions, transfer taxes, title insurance (seller's policy), attorney fees, prorated property taxes, HOA transfer fees, and the outstanding mortgage payoff amount. Agent commissions are usually the largest single cost for sellers.
How to Reduce Closing Costs
You can negotiate seller concessions, shop multiple lenders for the best fees, compare title insurance rates, and ask about lender credits. Some first-time buyer programs offer closing cost assistance. Always review your Loan Estimate carefully and ask your lender about every line item.
Frequently Asked Questions
How much are closing costs for a home buyer?
Buyer closing costs typically range from 2% to 5% of the purchase price. On a $400,000 home, that means $8,000 to $20,000 in fees, taxes, and prepaid items on top of your down payment.
What closing costs does a seller pay?
Sellers typically pay agent commissions (5-6%), transfer taxes, title insurance, attorney fees, prorated property taxes, and the mortgage payoff. Total costs usually run 6-10% of the sale price.
Can closing costs be rolled into the mortgage?
Some costs can be financed through lender credits or a slightly higher rate, but this increases your total loan amount and long-term interest. Down payment and prepaid items usually must be paid out of pocket.
What are prepaid items at closing?
Prepaid items include months of property taxes, a full year of homeowners insurance, per-diem mortgage interest from closing to month-end, and escrow deposits for future tax and insurance payments.
Is this estimate exact?
No. Closing costs vary by location, lender, and contract terms. Use this as a planning estimate and refer to your official Loan Estimate or Closing Disclosure for exact figures.