Real Estate
Closing Cost Estimator
Estimate your closing costs when buying a home β typically 2β5% of the purchase price.
Estimated Closing Costs
β
How It Works
Closing costs typically range from 2β5% of the purchase price and include lender fees, title insurance, escrow, appraisal, and prepaid items like property taxes and homeowners insurance.
Example
A $350,000 home at 3% closing cost rate = ~$10,500 in closing costs. Budget $8,750β$17,500 (2.5β5%) to be safe.
Frequently Asked Questions
What is included in closing costs?
Loan origination fee (0.5β1%), appraisal ($400β700), title search & insurance ($700β2,000), escrow fee ($500β1,000), prepaid homeowners insurance, and property tax escrow.
Can closing costs be negotiated?
Yes. Ask the seller to pay closing costs, negotiate lender fees, shop for your own title insurance, and compare multiple lenders β fees vary significantly.
Can closing costs be rolled into the loan?
Sometimes, depending on the loan type and lender. Rolling them in reduces out-of-pocket costs but increases your loan balance and long-term interest paid.