Closing Cost Calculator
The closing costs on a home, and the cash you need on the day with the down payment.
Good to know. The down payment is the number everyone saves for. Closing costs are the number that surprises them.
Not financial advice. Uses only the numbers and rates you enter — no live data.
How it works
In plain words
Multiply the price by the closing cost rate, usually 2–5%. Add the down payment to get the cash you bring to closing; the rest of the price is the mortgage.
The formula
closing costs = price × rate cash to close = down payment + closing costs
Worked example
A 400,000 home with 20% down and closing costs of 3%: closing costs are 12,000.00, the down payment 80,000, so you need 92,000 at closing for a 320,000 mortgage.
Sources
- Consumer Financial Protection Bureau, Loan Estimate and Closing Disclosure Lenders list expected closing costs within three business days of an application, and the final ones three business days before closing.
Sources checked October 3, 2026. 3 automated tests check its answers on every change.
About the closing cost calculator
Closing costs are the fees and prepaid items due when a home purchase completes, on top of the down payment. For buyers in the US they usually come to 2–5% of the price, depending on the state, the lender and the loan.
They include lender charges (origination and points), the appraisal and credit report, title insurance and settlement fees, government recording fees and transfer taxes where the buyer pays them, and prepaid items such as the first months of property tax, homeowners insurance and interest.
You don’t have to guess for long: within three business days of applying, a lender must send a Loan Estimate listing the expected costs, and at least three business days before closing a Closing Disclosure with the final figures. Compare the two.
Some costs can be negotiated or shifted: shop for title insurance where allowed, compare lenders’ fees, or ask the seller for a credit towards closing costs. Rolling costs into the loan, or accepting a higher rate in exchange for lender credits, lowers the cash due but costs more over time.
Questions people ask
How much are closing costs on a 400,000 house?
At a typical 2–5%, between 8,000 and 20,000, on top of the down payment. At 3%, 12,000.
Who pays closing costs, the buyer or the seller?
Both pay some. The buyer pays most loan-related costs; the seller usually pays the agents’ commissions. Sellers can agree to credit the buyer.
Can closing costs be added to the mortgage?
Sometimes, or the lender can cover them in exchange for a higher rate. Either way, you pay for them over the life of the loan.