Closing Cost Calculator
Enter the home price and loan amount, then estimate closing costs as a percent of the price or by itemising fees. The calculator shows the total and the cash to close after your down payment and any seller credit.
Last updated November 4, 2026
Price minus your down payment.
An illustrative assumption, not an average. Replace it with the total on your Loan Estimate.
Result
$92,000.00 cash to close
| Result | Amount |
|---|---|
| Down payment | $80,000.00 |
| Closing costs | $12,000.00 |
| Closing costs as % of price | 3.00% |
| Seller credit | $0.00 |
| Cash to close | $92,000.00 |
These are estimates, not lender quotes. Your Loan Estimate and Closing Disclosure list the real figures; see the CFPB guide at consumerfinance.gov/owning-a-home.
Show the work
Formula: closing costs = price × estimate % (or itemised fees + points); cash to close = down payment + closing costs - seller credit
- Down payment: $400,000.00 - $320,000.00 loan = $80,000.00.
- Closing costs: $400,000.00 × 3% = $12,000.00.
- Cash to close: $80,000.00 + $12,000.00 - $0.00 = $92,000.00.
Result: Estimated closing costs $12,000.00 (3.00% of price). Cash to close: $80,000.00 down + $12,000.00 costs - $0.00 seller credit = $92,000.00. An estimate, not a lender quote.
How closing costs and cash to close are calculated
closing costs = price × estimate % (or itemised fees + points)
cash to close = down payment + closing costs - seller credit
Closing costs are the fees you pay to finish a home purchase, separate from the price. The calculator offers two ways to estimate them. The quick way multiplies the home price by a percent you choose. The detailed way adds the fees you enter: lender fees, title and escrow, appraisal, inspection, recording and transfer taxes, and prepaid items such as interest, insurance and property taxes.
The default percent in the form is 3%. That is an illustrative assumption to get you started, not a current average, and not a quote. Costs vary by location, lender, loan type and price, so replace it with the total from your own paperwork as soon as you have it.
Discount points are a fee paid to lower the interest rate. One point is 1% of the loan amount. In itemised mode you enter the points as a percent of the loan and the calculator adds the dollar cost to the fees. In percent mode the estimate is treated as the whole total, so points are not added on top.
Cash to close is the down payment (price minus loan) plus closing costs, minus any seller credit. A seller credit is money the seller agrees to put toward your costs. It cannot be more than the closing costs, so the calculator rejects a larger value.
See how we calculate for the formulas, sources and review schedule behind every calculator.
Also useful alongside this calculator: Car Payment Calculator, Mortgage Payoff Calculator and VA Loan Calculator.
Loan Estimate and Closing Disclosure
Loan Estimate and Closing Disclosure rules apply to covered mortgage transactions, not to every loan. For a covered loan, the lender sends a Loan Estimate within three business days of receiving your application and a Closing Disclosure at least three business days before closing. The Consumer Financial Protection Bureau says you will not receive them for a reverse mortgage, a home equity line of credit, a manufactured housing or mobile home loan not secured by real estate, or a subordinate loan through certain homebuyer assistance programs, which have other disclosures. The Loan Estimate shows the loan you applied for with estimated costs, and the Closing Disclosure shows the final loan terms, final closing costs and who pays and receives money at closing.
Use this calculator for early planning, then compare it with the Loan Estimate. The figures here are estimates, not lender quotes, and they will not match your forms exactly.
What the fee fields mean
Lender fees cover processing and underwriting the loan. Title and escrow fees pay for the title search, title insurance and the closing agent. The appraisal confirms the home value for the lender, and an inspection is your own check of the property. Recording and transfer taxes are charged by local governments.
Prepaids are amounts paid in advance at closing, such as interest from the closing date to the end of the month, the first year of homeowners insurance and a few months of property tax for the escrow account. Leave any field blank if it does not apply and it counts as $0.
General information, not financial advice
This calculator gives a general estimate from the numbers you enter. It is not financial or tax advice, and your actual results can differ. Check important decisions with a qualified professional or the official source.
Sources
Official and primary sources for the statements on this page. Their authors have not reviewed or endorsed this page.
- Consumer Financial Protection Bureau, Determine your down payment. Says closing costs are separate from the down payment and usually range from 2% to 5% of the purchase price.
- Consumer Financial Protection Bureau, What documents should I receive before closing on a mortgage loan?. Says the lender sends a Loan Estimate within three business days of your application and a Closing Disclosure at least three business days before closing, describes what each shows, and lists loans that do not get them: reverse mortgages, home equity lines of credit, manufactured housing or mobile home loans not secured by real estate, and certain subordinate homebuyer assistance loans.
- Consumer Financial Protection Bureau, Loan estimate explainer. Describes what the Loan Estimate shows: the interest rate, the monthly payment, estimated closing costs and estimated cash to close, and advises requesting estimates from several lenders to compare.
- Consumer Financial Protection Bureau, Closing disclosure explainer. Describes what the Closing Disclosure shows: the final loan terms, closing costs and cash to close.
Official information: all four CFPB pages were opened and read on 2026-11-04. They back the 2% to 5% closing-cost range, the three-business-day timing of the Loan Estimate and Closing Disclosure, what each form shows, and the loan types that do not receive them. The CFPB page lists those exceptions; this page does not claim the list is the only possible exception. Which rules apply to your loan depends on the loan and lender.
Calculator method: cash to close = down payment + closing costs - seller credit. These are our calculations.
Assumptions and estimates: the 3% default is an illustrative assumption within the CFPB range, not a published average or a current statistic. Itemised amounts in the worked example are example inputs, not quotes. Real fees come from your lender and title company.
How to use the Closing Cost Calculator
- Enter the home price and the loan amount; the difference is your down payment.
- Choose a percent-of-price estimate or itemised fees.
- Add any seller credit you have negotiated.
- Read the closing costs, their share of the price and the cash to close.
- Open Show the work to follow each step, or use Copy, Print or Share.
Worked example
Example inputs, not quotes: a $400,000 home with a $320,000 loan, so the down payment is $80,000. A $2,000 seller credit applies in both rows.
| Method | Closing costs | Down payment | Seller credit | Cash to close |
|---|---|---|---|---|
| 3% of price (assumption) | $12,000.00 | $80,000.00 | $2,000.00 | $90,000.00 |
| Itemised: $7,700 fees + 1% points ($3,200) | $10,900.00 | $80,000.00 | $2,000.00 | $88,900.00 |
| 2.5% of price (assumption) | $10,000.00 | $80,000.00 | $2,000.00 | $88,000.00 |
Frequently asked questions
How much are closing costs?
It varies by location, lender and loan, so no single figure is right for everyone. Use a percent as a placeholder, then replace it with the total on your Loan Estimate.
What is cash to close?
It is the money you bring to closing: your down payment plus closing costs, minus any seller credit. It does not include moving costs or a cash reserve.
Are closing costs included in the loan?
Usually not. They are paid in cash at closing, although some loans let you roll certain costs in or negotiate a seller or lender credit. Ask your lender what applies.
Is this the same as my Loan Estimate?
No. This tool gives a planning estimate. Your Loan Estimate and Closing Disclosure from the lender are the official documents with your actual fees.
How do discount points work here?
In itemised mode, one point is 1% of the loan amount and is added to your fees. In percent mode the estimate is assumed to cover everything.