Buyer Closing Cost Calculator

Itemize buyer closing costs including origination, title, inspection, and prepaid items.
$
$

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

This calculator estimates the total closing costs you'll pay as a buyer when purchasing a home. Understanding these costs upfront is crucial for budgeting and ensuring you have enough funds to close the deal, as they are separate from your down payment and loan amount.

The calculator sums various fees including lender charges (origination, underwriting), third-party services (appraisal, title insurance, attorney fees), prepaid expenses (property taxes, homeowner's insurance), and government recording fees. Each fee is typically a percentage of the loan amount, a fixed amount, or a pro-rated daily charge.

Always ask your lender for a detailed Loan Estimate (LE) which legally outlines most closing costs. A common mistake is underestimating these costs, leading to last-minute financial stress. Also, remember that some costs are negotiable.

Example: Buying a $400,000 Home with a $320,000 Loan

  1. 1 Input home purchase price: $400,000. Input loan amount: $320,000. The calculator will then apply estimated percentages and fixed fees based on typical market rates for your location.
  2. 2 The calculator aggregates estimated costs: Lender fees (e.g., origination 1% of loan: $3,200), Title insurance ($1,500), Appraisal fee ($600), Recording fees ($200), Property taxes (2 months prepaid: $1,000), Homeowner's insurance (1 year prepaid: $1,200).
  3. 3 The estimated total buyer closing costs are $7,700 (which is approximately 1.9% of the home price or 2.4% of the loan amount).
  4. 4 This means that in addition to your down payment, you'll need an estimated $7,700 available at closing. This helps you plan your savings and avoid surprises on closing day.

Source: CFPB — Owning a Home · Last updated: April 2026

Frequently Asked Questions

How much are closing costs for a buyer?
Buyer closing costs typically run 2-5% of the home purchase price. On a $350,000 home, expect $7,000-$17,500 in closing costs including origination fees, title insurance, appraisal, and prepaid items.
What closing costs can buyers negotiate?
Buyers can negotiate origination fees, title insurance (shop around), inspection costs, and ask the seller for a closing cost credit. Lender fees, government recording fees, and prepaid taxes are generally non-negotiable.
Are buyer closing costs tax deductible?
Most buyer closing costs are not tax deductible. Exceptions include prepaid mortgage interest (points), prepaid property taxes, and mortgage insurance premiums. Origination fees, title insurance, and appraisal costs are not deductible.

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