Estimate your mortgage closing costs before you close
Property & Loan Details
= $40,000 down | $360,000 loan
Estimated Closing Costs
Cost Categories
Visual Breakdown
Cash to Close Snapshot
Down Payment
$40,000
10% of purchase price
Closing Costs (est.)
$12,518
$4,810 – $20,225 range
Total Cash Needed
$52,518
down + midpoint closing costs
Disclaimer: These estimates are for informational purposes only and reflect typical national ranges. Actual closing costs vary significantly by lender, state, county, loan program, and negotiated terms. Always request a Loan Estimate (LE) from your lender, which is a federally standardized disclosure of actual costs. Consult a licensed mortgage professional before making financial decisions.
Closing costs catch many homebuyers off guard — typically ranging from 2% to 5% of the loan amount on top of your down payment. This free closing cost calculator breaks down every fee category: lender charges, title insurance, prepaid escrow, government recording taxes, and more. Enter your home price and loan type to instantly see a low-to-high estimate and a full cash-to-close snapshot.
Closing costs typically run 2%–5% of the loan amount, which on a $400,000 home with 10% down translates to roughly $7,200–$18,000. The exact amount depends on your lender, loan type, state, and negotiated terms. Always request a Loan Estimate (LE) from your lender for a legally binding cost disclosure.
Yes — seller concessions allow the seller to cover some or all of your closing costs. Conventional loans cap concessions at 3%–9% of the purchase price depending on down payment, FHA at 6%, and VA at 4%. Enter any agreed concessions in the calculator to see your net out-of-pocket amount.
FHA loans require a 1.75% upfront mortgage insurance premium (MIP), which can be rolled into the loan balance. VA loans require a funding fee of roughly 2.15% for first-time use (waived for veterans with service-connected disabilities). Both replace private mortgage insurance (PMI) paid monthly.
Lender fees like origination fees, underwriting fees, and rate-lock fees are often negotiable. Third-party costs such as title insurance, attorney fees, and settlement fees can vary — shop at least two or three providers. Government recording fees and transfer taxes are set by law and cannot be negotiated.