Estimate Your Home Closing Costs
Enter the home purchase price and a closing cost percentage to instantly see your estimated closing costs and a realistic low-to-high range.
Closing costs catch many first-time buyers off guard — budget 2–5% of the purchase price on top of your down payment.
2–5%
typical buyer closing cost range as a percentage of purchase price
$7,800
average closing costs paid by buyers in the US on a median-priced home
60+
days funds should be seasoned in your account before closing
What to know before closing day
Budget for closing costs separately
Many first-time buyers focus all their savings on the down payment and forget about closing costs — then scramble at the last minute. Closing costs are separate from your down payment and must be paid in cash (or financed into the loan). Budget for both from the start of your home-buying savings plan.
Closing costs vary significantly by state
States like New York and New Jersey have transfer taxes that can add 1–2% alone. Texas and Florida buyers pay less in transfer taxes. Attorney requirements vary too — some states require a real estate attorney at closing, adding $500–$1,500. Research your specific state's costs before settling on a budget.
Negotiate your closing costs
Closing costs are not fixed. You can shop around for title insurance (rates vary by company), negotiate lender origination fees, ask the seller for concessions, and compare loan estimates from multiple lenders. Getting three competing loan estimates can save $1,000–$3,000 in fees on a typical purchase.
How the Closing Cost Calculator Works
Enter the home purchase price and your expected closing cost percentage (typically 2–5%). The calculator multiplies these to give you a central estimate. It then shows a low estimate at −20% of that figure and a high estimate at +20%, giving you a realistic planning range to account for variation in state taxes, lender fees, and negotiated concessions.
Use 2–3% for a conservative estimate if you are in a low-tax state with a straightforward conventional loan. Use 4–5% if you are in a higher-tax state, using an FHA or VA loan, or if you have not yet compared lender fees. Your lender is required to provide a Loan Estimate within 3 business days of your application, which will give you the most accurate figure.