Calculate down payment, fees, and total cash needed at closing.
To estimate your closing costs:
The calculator totals your down payment, closing costs, and total cash needed at closing.
Closing cost formulas:
Down Payment = Home Price × Down Payment %Closing Costs = (Home Price − Down Payment) × Closing Cost %Total Fees = Origination Fee + Title Insurance + InspectionTotal Cash Needed = Down Payment + Closing Costs + Total FeesExample: $400,000 home, 20% down, 3% closing costs, $1,500 origination, $1,200 title, $500 inspection.
$400,000 × 0.20 = $80,000$320,000 × 0.03 = $9,600$1,500 + $1,200 + $500 = $3,200$80,000 + $9,600 + $3,200 = $92,800Closing costs usually range from 2% to 5% of the loan amount. On a $300,000 loan, expect $6,000–$15,000. This includes lender fees, appraisal, title search, title insurance, recording fees, and prepaid items.
Yes. You can negotiate lender origination fees, ask the seller to contribute to closing costs (seller concessions), and shop around for title insurance and home inspection services. Some fees like government recording fees are non-negotiable.
Some closing costs are deductible in the year of purchase, including mortgage interest and property tax paid at closing. Points paid to lower your interest rate are also typically deductible. Consult a tax professional for your specific situation.