Closing cost calculator
Every fee itemized — origination, title insurance, appraisal, recording, and prepaid escrow — so there's no surprise at the closing table.
Closing costs typically run 2–5% of the loan amount. This estimate excludes points, a home inspection, and any HOA transfer fees — ask your lender for a Loan Estimate for exact figures.
How this is calculated
Each fee is estimated from what you enter: origination and title insurance scale with your loan amount, prepaid escrow covers the months of property tax and insurance your lender collects upfront to fund your escrow account, and the rest are flat fees. Add them together for your total cash needed at closing, beyond your down payment.
Frequently asked questions
What are typical closing costs on a mortgage?
Closing costs typically run 2–5% of the loan amount. On a $320,000 loan, that's roughly $6,400–$16,000, though the exact figure depends heavily on your state, lender, and title company.
What is prepaid escrow at closing?
Lenders often collect several months of property tax and homeowners insurance upfront to seed your escrow account, so there's a cushion before your first regular payment is due. This isn't a fee — it's your own money, just collected early.
Can closing costs be negotiated or rolled into the loan?
Some lender fees are negotiable, and sellers sometimes contribute toward closing costs as part of a purchase negotiation. Costs can also often be rolled into the loan amount (a 'no-closing-cost' refinance or purchase), which avoids cash upfront but means paying interest on those costs over the life of the loan.
Do closing costs differ between a purchase and a refinance?
They're similar in structure — origination, title, appraisal, recording — but a purchase also typically includes owner's title insurance and transfer taxes that a refinance doesn't, while a refinance skips costs like a new survey in many cases.