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Closing Costs

Closing Costs Estimator

An itemized estimate of what closing actually costs: every line editable, nothing hidden in a lump sum.

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Common:
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A · Origination charges shop lenders

The lender's own charges: the part you shop lenders on and can offset with credits.

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B · Services you can't shop for fixed

The lender picks the provider; you pay it, you can't shop it.

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C · Services you can shop for can shop

Title, settlement, survey, pest: get quotes and compare providers.

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E · Taxes & government fees fixed

Set by law: recording and transfer taxes vary by state and county.

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F & G · Prepaids & escrow reserves prepaid

Kept separate from fees: your own money for interest, insurance and taxes paid ahead.

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Credits & deposits

Seller and lender credits and your earnest money all lower the cash you wire.

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Every line is editable; replace the defaults with your lender's Loan Estimate as soon as you have one.

Total cash to close
The Loan Estimate, line by line

Grouped exactly like the CFPB Loan Estimate. Each line is tagged with whether you can shop it, negotiate it, or it's fixed. Prepaids & reserves (F, G) are kept separate from fees so nothing is double-counted.

D · Total loan costs (A+B+C)$0
I · Total other costs (E+F+G)$0
J · Total closing costs$0
Closing costs vs. the 2–5% benchmark

Total closing costs as a share of the purchase price. The green band is the typical buyer range.

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Cash to close, built up

Down payment plus total closing costs, minus credits and the earnest money you already deposited.

Close-date effect on prepaid interest

You prepay interest from closing day to month-end (per-diem = loan × rate ÷ 365 × days). Close later, prepay less. Your date is highlighted.

Close onDaysPrepaid interest
Next step

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Common questions

What are closing costs, roughly?

The one-time cost of completing a purchase, on a real Loan Estimate split into sections A–G: A origination charges, B services you cannot shop for, C services you can shop for, E government recording and transfer taxes, F prepaids (per-diem interest, 12 months of insurance, prepaid tax), and G initial escrow reserves. Total closing costs typically land around 2–5% of the price; this tool itemizes every line so you see exactly why.

How is cash to close different from closing costs?

Closing costs are the fees, prepaids and reserves themselves. Cash to close is what you actually wire: down payment + total closing costs − seller credits − lender credits − the earnest money you already deposited. Prepaids and escrow reserves are kept separate from lender and service fees so nothing is double-counted.

Why does the closing date change my prepaid interest?

You prepay interest from your closing day through the end of that month, because your first full monthly payment is due the first of the following month. Per-diem interest = loan × rate ÷ 365 × days remaining. Close on the 3rd and you pay nearly a full month; close on the 28th and you pay only a few days. The close-date table shows the effect day by day.

What upfront fees do FHA, VA, and USDA loans add?

FHA adds a 1.75% upfront mortgage-insurance premium (UFMIP); VA adds a funding fee (commonly around 2.15% first use); USDA adds a 1% guarantee fee. These are usually financed into the loan rather than paid in cash, so they raise your loan balance and the interest that accrues; the estimator shows the financed amount separately from cash to close.

How much can the seller pay toward my closing costs?

Loan programs cap seller concessions: conventional 3% of price (for low down payments), FHA and USDA 6%, VA 4%. The estimator caps the seller credit at the program limit and flags any overage so you don't count on money the loan won't allow.

Why is this an estimate?

Because the authoritative numbers come from your lender: the Loan Estimate within days of applying, and the Closing Disclosure before signing. This tool is for planning cash-to-close before those documents exist; replace the defaults as real numbers arrive.