Free Closing Cost Calculator
Enter the home price, your down payment, and loan type. Get a line-item estimate of what closing will cost.
This free closing cost calculator estimates buyer closing costs from home price, down payment percent, and loan type, using typical line items: 1 percent loan origination, a $350 appraisal, 0.5 percent title insurance, and $150 recording fees, plus FHA upfront mortgage insurance at 1.75 percent or the VA funding fee at 2.15 percent where they apply. A $350,000 home with 10 percent down on a conventional loan estimates $5,400 in closing costs, about 1.54 percent of the price.
Estimate only, using national typical line items. Actual closing costs vary by state, lender, and loan; your Loan Estimate and Closing Disclosure are the binding numbers.
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How closing cost math works
Closing costs are the fees due when the home purchase settles, separate from the down payment. Buyers typically pay 2 to 5 percent of the purchase price, covering lender charges, third-party services like appraisal and title, and government recording fees.
The calculator builds the estimate line by line. Loan origination is estimated at 1 percent of the loan amount. The appraisal is a flat $350. Owner's title insurance is estimated at 0.5 percent of the price. Recording and transfer fees are a flat $150. Government loan programs add their fees: FHA upfront mortgage insurance at 1.75 percent of the loan, or the VA funding fee at 2.15 percent for first-use zero-down loans.
Run the example: $350,000 price, 10 percent down, conventional loan. Down payment is $35,000 and the loan is $315,000. Origination at 1 percent is $3,150. Add $350 appraisal, $1,750 title (0.5 percent of $350,000), and $150 recording. Total: $5,400, which is 1.54 percent of the price, on the low end because the down payment is healthy and conventional loans skip the government fees.
Try an FHA case: $300,000 price, 3.5 percent down. The loan is $289,500. Origination $2,895, FHA upfront MIP at 1.75 percent is $5,066, appraisal $350, title $1,500, recording $150. Total: $9,961, about 3.32 percent of the price. The government fee is the biggest single line.
Cash buyers skip the loan lines entirely: no origination, no appraisal requirement, no mortgage insurance. They still pay title, recording, and often an inspection, so cash is cheaper to close but not free.
Closing cost calculator questions
How much are closing costs on a house?
Buyers usually pay 2 to 5 percent of the home price in closing costs. On a $350,000 home with 10 percent down and a conventional loan, the estimate is about $5,400, or 1.54 percent. FHA and VA loans run higher because of their upfront government fees.
Are closing costs separate from the down payment?
Yes, they are separate buckets of cash. The down payment becomes your equity in the home, while closing costs pay the lender, title company, appraiser, and government for processing the transaction. Budget for both.
Can closing costs be rolled into the loan?
FHA's upfront mortgage insurance premium can be rolled into the loan balance. Sellers can also contribute toward buyer closing costs within program limits, typically 3 to 6 percent depending on the loan type. Some lenders offer no-closing-cost loans that trade upfront fees for a higher rate.
Do closing costs vary by state?
Yes. Transfer taxes range from near zero in some states to over 1 percent in others, and title insurance pricing is regulated differently state by state. The calculator uses national typicals; your Loan Estimate will reflect your state.