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Closing Cost Calculator

Estimate buyer closing costs and cash to close. The CFPB says closing costs typically range from 2% to 5% of the purchase price, excluding the down payment. Use formal lender documents for an actual transaction.

Credits are simplified here and cannot reduce every type of cost. Loan-program limits and contract terms apply.

Planning result

Your estimate

Down payment—
Estimated closing costs—
Estimated cash to close—
2%–5% cost range—

This simplified estimate excludes earnest-money deposits already paid, prepaid items, escrow adjustments and transaction-specific charges.

How the calculator works

The selected percentage is multiplied by the purchase price to create an early closing-cost estimate. The calculator then adds the down payment and subtracts entered credits. It does not replace a Loan Estimate or Closing Disclosure.

What can change the result

Lender charges, discount points, title and settlement services, appraisal, recording, transfer taxes, prepaid interest, insurance and escrow deposits can all affect the amount. State and local practices vary.

Next steps

  1. Use the range while building your early homebuying budget.
  2. Compare Loan Estimates from multiple lenders using similar loan assumptions.
  3. Read our closing costs guide.
  4. Keep moving, repair and emergency reserves separate from cash to close.

Source

Consumer Financial Protection Bureau: determine your down payment.

Use documents to replace early assumptions

Calculator inputEarly planning sourceTransaction source
Purchase priceTarget budget or offer scenarioSigned purchase contract
Down paymentSavings plan and loan-program discussionLoan Estimate and lender confirmation
Closing-cost rateRun more than one percentage scenarioItemized Loan Estimate, then Closing Disclosure
CreditsUse zero until a credit is reasonably expectedContract and lender-approved disclosure

Closing costs are not the same as cash to close

Closing costs are the transaction charges and prepaid items. Cash to close also reflects the down payment, deposits already paid, credits, prorations and other adjustments. This calculator gives an early combined estimate but cannot reproduce every line on a Closing Disclosure. Read cash to close versus closing costs before comparing the result with lender documents.

Run three useful scenarios

  1. A lower-cost case with the expected down payment and no unconfirmed credit.
  2. A central case using the best available lender information.
  3. A higher-cost case that leaves room for prepaid items and changes before closing.

Keep the home inspection, moving costs, immediate repairs and post-closing emergency reserve outside this calculator. A purchase can fit the transaction estimate and still leave an unsafe ownership budget.

Common questions

Can seller or lender credits pay every charge?

No. Eligibility, loan-program limits and contract terms apply. Confirm how each credit is shown in the lender’s documents.

When should the estimate be replaced?

Replace the percentage assumption when an itemized Loan Estimate is available, then use the final Closing Disclosure for the scheduled transaction.