Mortgage Closing Costs Calculator
Estimate total closing costs for a home purchase.
Enter your values
Enter the home purchase price in $.
Enter the down payment in $.
Enter the estimated closing cost rate in % of loan.
Enter the fixed fees (appraisal, inspection, etc.) in $.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Loan amount
- $342,000.00
- Estimated closing costs
- $11,460.00
- Total cash needed at closing
- $49,460.00
- Closing costs as % of price
- 3.02%
Quick answer
Closing costs typically run 2-5% of the loan amount, covering lender fees, title insurance, taxes, prepaid interest and escrow setup.
Closing costs = loan amount x cost rate + fixed fees
At a glance
| What it does | Estimate total closing costs for a home purchase. |
|---|---|
| Category | Real Estate |
| Inputs needed | Home purchase price, Down payment, Estimated closing cost rate, Fixed fees (appraisal, inspection, etc.) |
| Main output | Loan amount |
| Formula | Closing costs = loan amount x cost rate + fixed fees |
| Cost | Free — no sign-up, no download |
How to use the Mortgage Closing Costs Calculator
- 1Enter the purchase price and planned down payment.
- 2Estimate the closing cost rate — 2-5% of the loan is typical.
- 3Add fixed fees like appraisal and inspection to get total cash needed.
Inputs explained
- Home purchase price($)
- Enter the home purchase price in $.
- Down payment($)
- Enter the down payment in $.
- Estimated closing cost rate(% of loan)
- Enter the estimated closing cost rate in % of loan.
- Fixed fees (appraisal, inspection, etc.)($)
- Enter the fixed fees (appraisal, inspection, etc.) in $.
Worked example
Using the values the calculator loads with:
Inputs
- Home purchase price380000 $
- Down payment38000 $
- Estimated closing cost rate3 % of loan
- Fixed fees (appraisal, inspection, etc.)1200 $
Results
- Loan amount$342,000.00
- Estimated closing costs$11,460.00
- Total cash needed at closing$49,460.00
- Closing costs as % of price3.02%
Frequently asked questions
Can the seller pay closing costs?
Yes, often via a seller credit negotiated into the purchase contract, subject to loan program limits.
Which costs are one-time vs. prepaid?
Lender/title fees are one-time; prepaid items like escrow and interest fund your ongoing account.
What do I need to enter into the Mortgage Closing Costs Calculator?
Just 4 values: home purchase price, down payment, estimated closing cost rate, fixed fees (appraisal, inspection, etc.). Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Mortgage Closing Costs Calculator work out the answer?
Closing costs typically run 2-5% of the loan amount, covering lender fees, title insurance, taxes, prepaid interest and escrow setup. It applies the formula Closing costs = loan amount x cost rate + fixed fees and shows the working so you can check each step by hand.
Is the Mortgage Closing Costs Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.