Buyer Closing Cost Calculator
Itemize buyer closing costs including origination, title, inspection, and prepaid items.
By Konstantin Iakovlev · Updated September 2026 · Source: Fannie Mae — Closing costs calculator
Closing Costs
$5,997.95
% of Price
1.7%
Cash at Closing
$75,997.95
Itemized Costs
| Loan Origination (0.75%) | $2,100.00 |
| Appraisal | $500.00 |
| Home Inspection | $400.00 |
| Title Insurance | $1,000.00 |
| Recording Fees | $200.00 |
| Escrow (2 mo tax + ins) | $1,050.00 |
| Prepaid Interest (15 days) | $747.95 |
| Total Closing Costs | $5,997.95 |
| Down Payment | $70,000.00 |
| Total Cash Needed | $75,997.95 |
Use the Buyer Closing Cost Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Closing costs are the bundle of fees a buyer pays to finalize a home purchase, and they sit entirely apart from your down payment and the loan principal. Adding them up ahead of time tells you how much cash you actually need on the day you sign, which is the difference between a smooth closing and scrambling for funds at the last minute.
The total here combines several categories of charges, each at a fixed assumption rather than a local rate. The lender's origination fee is 0.75% of the loan amount. Third-party services are flat amounts: $500 for the appraisal, $400 for a home inspection and $1,000 for title insurance, plus $200 in government recording fees. Prepaid items are two months of escrow for property tax (1.2% of the price a year) and homeowner's insurance (0.6% of the price a year), and 15 days of prepaid interest at 6.5% on the loan. Attorney fees, transfer taxes and the first year's insurance premium are not included, so add them if they apply where you buy.
Your best reference document is the Loan Estimate the lender is legally required to provide, since it spells out most of these costs in writing. Buyers who skip that step often guess too low and end up surprised. It also pays to scrutinize the list, because a number of these charges can be negotiated rather than accepted as fixed.
Example: Buying a $400,000 Home with a $320,000 Loan
- 1 Input home purchase price: $400,000. Input loan amount: $320,000. The calculator uses the same fee assumptions everywhere; it has no location setting.
- 2 Itemized costs: origination 0.75% × $320,000 = $2,400; appraisal $500; home inspection $400; title insurance $1,000; recording fees $200; two months of escrow, $800 for property tax ($400,000 × 1.2% ÷ 12 × 2) and $400 for insurance ($400,000 × 0.6% ÷ 12 × 2), $1,200 in all; prepaid interest $320,000 × 6.5% ÷ 365 × 15 days = $854.79.
- 3 The estimated total buyer closing costs are $6,554.79, or 1.6% of the home price.
- 4 Adding the $80,000 down payment, you'd need $86,554.79 at closing. Your Loan Estimate will replace these assumptions with your lender's actual figures.
Source: Fannie Mae — Closing costs calculator · Last updated: September 2026
Frequently Asked Questions
How much are closing costs for a buyer?
What closing costs can buyers negotiate?
Are buyer closing costs tax deductible?
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