Closing Cost Calculator
Add up the closing or settlement costs from your own quote, as amounts or as a % of the price or loan, with any points, and see the cash you need at closing.
Result…
How it's calculated
Loan = price − down payment Item = amount, or % × price, or % × loan Points = loan × points % Closing costs = sum of items + points Cash at closing = down payment + closing costs − credits
Adds up the closing or settlement costs you list, each as a fixed amount or as a percentage of the purchase price or the loan, plus any origination or discount points. It then adds the down payment and takes off any credits to give the cash you need at closing. It uses no built-in fees, so the answer is only as good as the quote you copy in.
Your numbers, step by step
About the Closing Cost calculator
This closing cost calculator adds up the costs of completing a home purchase from the figures on your own quote, then shows the cash you need on the day. Type each cost on its own line as an amount, or as a percentage of the purchase price or of the loan, the way transfer taxes and lender fees are often quoted. Add any origination or discount points, the down payment and any credits from the seller or lender. You get the total closing costs, what they are as a share of the price and the cash needed at closing. It contains no built-in fees or tax rates, because these differ by country, region and lender, so the answer is only as good as the quote you copy in. The steps list every line with your numbers.
How to use it
- Enter the “Purchase price” and your “Down payment”; the rest is the loan.
- Enter any “Origination or discount points”; one point is 1% of the loan.
- In “Your closing costs, one per line”, replace the example lines with your own, such as “Valuation 600” or “Transfer tax 1% price” or “Lender fee 0.5% loan”.
- Enter any “Credits toward closing” the seller or lender pays.
- Read the cash needed at closing and the total closing costs.
Worked example
Take an example quote on a 400,000 purchase with 80,000 down, so the loan is 320,000. Its lines are a lender fee of 1,500, a valuation of 650, legal and title fees of 2,000, a transfer tax of 1.5% of the price (6,000) and recording of 200, which come to 10,350. Half a point on the loan adds 1,600, so closing costs are 11,950, or 2.99% of the price. With a 1,000 credit, the cash needed at closing is 90,950.
Updated
Questions people ask
How do I calculate closing costs on a house?
List every fee, tax and charge on your quote, turn any percentage into an amount using the price or the loan, and add any points. The calculator does each line for you and shows the sum.
How much cash do I need at closing?
Add the down payment to the closing costs and take off any credits from the seller or lender. That is the main result of this calculator.
What is a mortgage loan origination fee, and how do I enter it?
It is the lender's charge for setting up the loan, often quoted as a percentage of the loan; one point is 1% of the loan amount. Type it as “% loan” or add it as origination points. To see how it raises the cost of borrowing, use the APR calculator; for whether discount points for a lower rate pay off, the mortgage points calculator.
What is a common mistake when estimating closing costs?
Working out a percentage fee on the wrong amount. A tax quoted on the price and a fee quoted on the loan give different figures, so write “% price” or “% loan” on each line.
Why doesn't the calculator suggest typical closing costs?
Which costs apply, their size and who pays them differ by country, region, property and lender, so any built-in figure could mislead. Use the quotes from your lender and legal adviser, and ask them about anything you are unsure of.