Closing Costs Calculator
Estimate closing costs when buying a home
$
$
20.0% down
Estimated Closing Costs
$13,175.00
3.3% of home price
Total Cash Needed
$93,175.00
Down payment + closing costs
Loan Amount
$320,000.00
80.0% of home price
Closing Cost Breakdown
| Item | Estimated Cost |
|---|---|
| Lender Fees | |
| Loan Origination Fee (1%) | $3,200.00 |
| Appraisal Fee | $500.00 |
| Credit Report Fee | $50.00 |
| Title & Escrow | |
| Title Insurance (0.5%) | $2,000.00 |
| Title Search Fee | $400.00 |
| Escrow Fees | $500.00 |
| Government & Prepaid | |
| Recording Fees | $125.00 |
| Prepaid Items (taxes, insurance escrow) | $6,400.00 |
| Total Closing Costs | $13,175.00 |
Cash Required at Closing
Down Payment$80,000.00
Closing Costs$13,175.00
Total Cash Needed$93,175.00
Closing Costs by Home Price
| Home Price | Est. Closing Costs | With 20% Down |
|---|---|---|
| $200,000.00 | $7,375.00 | $47,375.00 |
| $300,000.00 | $10,275.00 | $70,275.00 |
| $400,000.00 | $13,175.00 | $93,175.00 |
| $500,000.00 | $16,075.00 | $116,075.00 |
| $600,000.00 | $18,975.00 | $138,975.00 |
| $750,000.00 | $23,325.00 | $173,325.00 |
Ways to Reduce Closing Costs
- Shop around and compare Loan Estimates from multiple lenders
- Negotiate with the seller to cover some closing costs
- Ask about lender credits (trade higher rate for lower closing costs)
- Close at the end of the month to reduce prepaid interest
- Compare title insurance quotes from different companies
- Look for first-time homebuyer programs with closing cost assistance
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