How much are typical closing costs?

Closing costs typically range from 2% to 5% of the loan amount. On a $320,000 loan that is $6,400 to $16,000. Costs vary significantly by state due to transfer taxes and attorney requirements.

What are the biggest closing cost items?

The largest items are usually: origination fee (0.5–1% of loan), title insurance ($500–$2,000+), prepaid property taxes and insurance (2–4 months escrow), and transfer taxes (varies widely by state).

Can closing costs be rolled into the loan?

In some cases, yes. You can ask the lender to cover costs in exchange for a higher rate ("lender credits"), or negotiate for the seller to pay some costs ("seller concessions," typically up to 3–6% of purchase price).

Do sellers pay closing costs?

Sellers typically pay agent commissions (3–6%), transfer taxes, and sometimes contribute toward buyer closing costs. Total seller costs often run 8–10% of the sale price once commissions are included.

Are closing costs tax deductible?

Most closing costs are not directly deductible. However, discount points paid to lower your rate may be deductible in the year of purchase. Mortgage interest and property taxes are deductible if you itemize.

Closing Cost Calculator

Estimate home buying closing costs including origination, appraisal, title, and escrow fees. Also covers seller costs and refinance costs by state.

Home Price ?

Loan Amount ?

State ?

Total Closing Costs

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Origination Fee (1%) —

Appraisal Fee —

Title Insurance & Search —

Escrow / Settlement Fee —

Recording Fees —

Extended More scenarios, charts & detailed breakdown ▾

Home Price

Loan Amount

Origination Fee (%)

Discount Points

Transfer Tax Rate (%)

Total Buyer Closing Costs

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Lender Fees —

Third-Party Fees —

Prepaid Items (est.) —

Professional Full parameters & maximum detail ▾

Home Price

Loan Amount

Origination Fee (%)

Discount Points (%)

Appraisal Fee

Title Search Fee

Title Insurance

Survey Fee

Attorney Fee

Recording Fee

Transfer Tax Rate (%)

Prepaid Insurance (Annual)

Prepaid Property Tax (Months)

Annual Property Tax

Prepaid Interest Days

Interest Rate (%)

Fee Breakdown

Lender Fees —

Third-Party Fees —

Prepaid Items —

Transfer Tax —

Totals

Total Closing Costs —

Closing Costs as % of Loan —

Estimated Cash to Close —

How to Use This Calculator

Enter the Home Price and Loan Amount.
Select your State — transfer tax rates vary significantly by state.
View the itemized closing cost estimate instantly.
Switch to Seller Costs tab to see net proceeds, or Refinance Costs for refi break-even.
Use the Professional mode to enter every line item exactly from your Loan Estimate.

Formula

Total Closing Costs = Lender Fees + Third-Party Fees + Prepaid Items + Transfer Tax

Lender Fees: Origination (1%) + discount points + underwriting (~$400)
Third-Party: Appraisal + title search + title insurance + attorney + recording
Prepaids: Insurance (1 year) + property tax (2–3 months) + prepaid interest

Example

Example: $400,000 home, $320,000 loan in California.

Origination (1%): $3,200
Appraisal: $500 | Title: $1,800 | Escrow: $940
Transfer Tax: $440 | Prepaids: $2,860
Total Closing Costs: ~$9,740 (3.0% of loan)

Frequently Asked Questions

Closing costs typically range from 2% to 5% of the loan amount. On a $320,000 loan that is $6,400 to $16,000. Costs vary significantly by state due to transfer taxes and attorney requirements.
The largest items are usually: origination fee (0.5–1% of loan), title insurance ($500–$2,000+), prepaid property taxes and insurance (2–4 months escrow), and transfer taxes (varies widely by state).
In some cases, yes. You can ask the lender to cover costs in exchange for a higher rate ("lender credits"), or negotiate for the seller to pay some costs ("seller concessions," typically up to 3–6% of purchase price).
Sellers typically pay agent commissions (3–6%), transfer taxes, and sometimes contribute toward buyer closing costs. Total seller costs often run 8–10% of the sale price once commissions are included.
Most closing costs are not directly deductible. However, discount points paid to lower your rate may be deductible in the year of purchase. Mortgage interest and property taxes are deductible if you itemize.

Related Calculators

Sources & References (5) ▾

CFPB — Closing Disclosure Explainer — Consumer Financial Protection Bureau
HUD — Real Estate Settlement Procedures Act (RESPA) — U.S. Department of Housing and Urban Development
Fannie Mae — Closing Costs Overview — Fannie Mae
IRS — Topic 504: Home Mortgage Points — Internal Revenue Service
CFPB — Loan Estimate Explainer — Consumer Financial Protection Bureau