Closing Cost Calculator

K-11

Lender fees, title, taxes, and prepaid escrow, line by line, and the cash to close they add up to.

Closing inputs

Home price

Down payment

Interest rate

Origination

Share of the loan; many lenders charge 0.5–1%.

Discount points

Optional: each point is 1% of the loan, paid to lower the rate.

Appraisal, credit, underwriting

Title insurance

Lender's and owner's policies, as a share of the price.

Settlement and attorney

Recording fees

Transfer and mortgage taxes

Only the buyer's share. In many states the seller pays it, or there is none.

Property taxes / year

Months of tax in escrow

Lenders usually collect two to six months up front.

Homeowners insurance / year

The first year's premium is paid at closing.

Days of prepaid interest

From closing to the end of the month; closing late in the month lowers it.

Seller credit

Closing costs the seller agrees to pay, negotiated in your offer.

Expect to bring $52,775N5 to closing: $12,775 of closing costs, 3.2% of the price, on top of your $40,000 down payment.

Plan K-11$8,850 of it is fees; the other $3,925 prepays your own taxes, insurance, and interest. Estimates, not a Loan Estimate.

Lender feesN1: $5,400; origination and fees
Title and settlementN2: $3,200; title insurance, agent
Recording and taxesN3: $250; county and state
Prepaids and escrowN4: $3,925; your taxes, insurance, interest

Where the closing costs go

$12,775 in four parts

Lender fees: $5,400; 42%
Title and settlement: $3,200; 25%
Recording and transfer taxes: $250; 2%
Prepaids and escrow: $3,925; 31%
Closing costs: $12,775; 100%

Every line on the closing disclosure

The amounts in the order a Loan Estimate lists them

Lender fees
Origination fee	$3,600
Appraisal, credit, underwriting	$1,800
Title and settlement
Title insurance	$2,000
Settlement and attorney	$1,200
Recording and transfer taxes
Recording fees	$250
Prepaids and escrow
First-year homeowners insurance	$2,100
Property tax escrow, 3 months	$900
Prepaid interest, 15 days	$925
Total closing costs	$12,775
Down payment	$40,000
Cash to close	$52,775

Estimates for education only. Fees vary by lender, title company, county, and state; your Loan Estimate, due within three business days of applying, lists the real figures. Earnest money you already paid counts toward cash to close.