Closing Costs Calculator
Estimate lender fees, title, escrow, and prepaids — plus your total cash to close (down payment + closing costs − seller credits − earnest money). Works for Conventional, FHA, VA, and USDA using 2026 fee schedules.
Related calculators
Closing costs sit on top of down payment — pair this with the mortgage payment calculator to see the monthly hit and the affordability calculator to size the right price. Verify your DTI covers the new payment. Refinancing? Closing costs work almost identically — model them in the refinance calculator. Veterans should compare $0-down VA against 3.5%-down FHA in VA vs FHA or check the VA entitlement calculator. See all calculators.
Frequently asked questions
How much are closing costs on a house?
Buyer closing costs typically run 2%–5% of the purchase price. On a $400K home that's $8,000–$20,000. Loan-specific fees (VA funding fee, FHA upfront MIP, USDA guarantee fee) can add another 1%–3.3% on top, but those are usually financed into the loan rather than paid at the table.
What's included in closing costs?
Two buckets. Loan/title costs: lender origination (0.5%–1%), appraisal ($500–$700), credit report ($50–$100), title insurance (0.5%–1%), escrow/settlement fee ($500–$1,200), recording ($100–$300), and transfer tax (varies by state). Prepaids: 12 months of homeowners insurance, 2–6 months of property tax reserves, and per-diem interest from closing to month-end.
Can the seller pay my closing costs?
Yes, subject to program caps. Conventional owner-occupied: 3% at < 10% down, 6% at 10–25%, 9% at 25%+. FHA: 6% regardless of down payment. VA: 4% on non-recurring items (plus unlimited seller-paid discount points). USDA: 6%. In a slower market, seller concessions are one of the most powerful buyer negotiations.
Are closing costs different for VA vs FHA vs Conventional?
Lender, title, and escrow fees are roughly the same across programs. The big deltas are the program-specific fees: VA charges a 2.15%–3.3% funding fee (usually financed, exempt for disabled vets); FHA adds 1.75% upfront MIP (financed); USDA adds a 1% guarantee fee (financed). Conventional has none of these but adds PMI in the monthly payment if you're under 20% down.
Do I need cash for closing costs on top of my down payment?
Yes — closing costs are separate from down payment. Total cash to close = down payment + closing costs + prepaids − seller concessions − lender credits − earnest money already paid. Most first-time buyers underestimate this by a few thousand; use the total-cash-to-close number above (not just the down-payment amount) when planning your reserves.