Closing Cost Calculator
Estimate closing costs as a percent of your loan and the total cash you'll need at closing.
Inputs
Result
Cash to close
$89,600
Closing costs $9,600.00 (2.40% of price)
Visual breakdown
Down payment
$80,000.00
Closing costs
$9,600.00
Cash to close
$89,600.00
% of price
2.40%
Formula
Closing costs = loan × percent. Cash to close = (price − loan) + closing costs. Typical closing costs run 2–5% of the loan and include lender fees, title, taxes and prepaid escrow.
Example
$400k price, $320k loan, 3% → closing costs $9,600, cash to close $89,600.
Related: Mortgage · Down payment · Refinance
How to use
- Enter the home price and loan amount.
- Use a closing cost percent — many lenders quote 2–5% of the loan.
- The result includes down payment plus closing costs.
When it's useful
- Budgeting total cash needed before house-hunting.
- Comparing offers with seller concessions.
- Sanity-checking a Loan Estimate from a lender.
Common examples
3% of a $320k loan
≈ $9,600 closing costs.
Cash needed
Down payment + closing costs = cash to close.
Typical range
2–5% of the loan amount in most US markets.
Frequently asked
What goes into closing costs?
Lender origination, appraisal, title insurance, recording fees, transfer taxes, and prepaid items like first-year insurance and escrowed taxes.
Can the seller pay them?
Sometimes — seller concessions are common but capped by loan program.
Are closing costs tax-deductible?
Most are not. Mortgage interest and certain points may be — consult a tax professional.
People also calculate
More money & work →Estimates only — your Loan Estimate has the actual numbers.