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Closing Cost Calculator

Estimate buyer closing costs and cash to close. The CFPB says closing costs typically range from 2% to 5% of the purchase price, excluding the down payment. Use formal lender documents for an actual transaction.

Credits are simplified here and cannot reduce every type of cost. Loan-program limits and contract terms apply.

Planning result

Your estimate

Down payment$80,000
Estimated closing costs$12,000
Estimated cash to close$92,000
2%–5% cost range$8,000–$20,000

This simplified estimate excludes earnest-money deposits already paid, prepaid items, escrow adjustments and transaction-specific charges.

How the calculator works

The selected percentage is multiplied by the purchase price to create an early closing-cost estimate. The calculator then adds the down payment and subtracts entered credits. It does not replace a Loan Estimate or Closing Disclosure.

What can change the result

Lender charges, discount points, title and settlement services, appraisal, recording, transfer taxes, prepaid interest, insurance and escrow deposits can all affect the amount. State and local practices vary.

Next steps

  1. Use the range while building your early homebuying budget.
  2. Compare Loan Estimates from multiple lenders using similar loan assumptions.
  3. Read our closing costs guide.
  4. Keep moving, repair and emergency reserves separate from cash to close.

Source

Consumer Financial Protection Bureau: determine your down payment.