Closing Cost Calculator
Estimate the closing costs for your home purchase. Closing costs typically range from 2% to 5% of the loan amount and include fees for appraisal, title insurance, attorney, loan origination, and more. See the total cash you need at closing.
Closing Cost Calculator
FAQ
What are typical closing costs?
Closing costs typically range from 2% to 5% of the loan amount. They include appraisal fees ($300-$600), title insurance ($500-$3,500), attorney fees, loan origination fees (0.5-1% of loan), recording fees, and prepaid items like homeowner's insurance and property tax escrow.
Can I negotiate closing costs?
Yes, many closing costs are negotiable. You can shop around for title insurance, negotiate lender fees, ask the seller to contribute toward closing costs, or look for lender credits. Some fees like government recording fees and transfer taxes are typically not negotiable.
Who pays closing costs - buyer or seller?
Both buyers and sellers pay closing costs. Buyers typically pay loan-related fees, appraisal, and inspection costs. Sellers usually pay real estate agent commissions and transfer taxes. The split can be negotiated as part of the purchase agreement.