Free closing cost calculator — estimate buyer and seller closing costs for any home purchase
This free closing cost calculator (also a seller closing cost calculator) helps you estimate exactly how much you'll pay when buying or selling a home. Closing costs are one of the biggest surprises for first-time home buyers.
Typical closing costs are 2-5% of the purchase price. On a $400,000 home, that's $8,000-20,000 in fees.
Sellers typically pay 6-10% of the sale price, including:
Closing costs are split between buyer and seller:
In competitive buyer's markets, buyers often negotiate sellers to pay 2-3% of closing costs as a concession.
Buyer closing costs are typically $8,000-20,000 (2-5%). Seller closing costs are $24,000-40,000 (6-10%), mostly from agent commission (5-6%).
Buyers and sellers both pay closing costs. Buyers pay loan fees, appraisal, and title insurance. Sellers pay realtor commission (the biggest chunk!) and transfer taxes.
Yes, with FHA and VA loans you can often roll closing costs into the loan. On conventional loans, you can ask the seller to pay closing costs (up to 3% of purchase price). You can also get a "no-closing-cost" mortgage with a slightly higher rate.
VA loans have a funding fee (1.4-3.6% of loan amount) that can be rolled into the mortgage. Veterans with service-connected disabilities are exempt from the funding fee. Total closing costs are typically 2-5% of the loan amount.
Yes! Lenders can waive or reduce origination fees, application fees, and underwriting fees. Compare Loan Estimates from multiple lenders and use competitor offers to negotiate. Title insurance is also negotiable in many states.
Instead of paying closing costs upfront, the lender covers them and you pay a slightly higher interest rate (usually 0.25-0.5% more). This is a good option if you don't have extra cash for closing costs, or if you plan to move or refinance within a few years.