Closing Cost Calculator

Buyer closing costs typically run 2–5% of the purchase price. The biggest line items are title insurance, transfer taxes (state-dependent), lender origination, escrow setup, appraisal, inspection, and prepaid taxes/insurance/interest at closing.

Title insurance protects the buyer (and the lender, separately) from defects in title — undisclosed liens, forged signatures in the chain of title, missing heirs. It’s a one-time premium, paid at closing, and varies by state from ~0.35% to ~0.6% of purchase price.

Transfer taxes vary by state from 0% (Texas) to 2%+ (Pennsylvania, with both buyer and seller portions). New York City and high-tax counties add additional layers (mansion tax, mortgage recording tax). Florida’s "doc stamps" are 0.7% of price. These differences alone can shift closing costs by thousands.

Prepaids are amounts collected at closing to fund the escrow account: a few months of property taxes, a year of homeowners insurance, and pre-paid mortgage interest from closing date to the end of the month. Not a cost per se — you’re funding accounts you’d pay anyway — but real cash you bring to closing.

They’re a reasonable ballpark. Actual costs vary by lender (some have $0 origination), title company, county recording fees, and any negotiated seller concessions. Always pull a Loan Estimate from your specific lender for the actual numbers.

Sometimes — usually as a small rate increase ("lender credit") rather than literally adding to the loan balance. On a refinance, you can often roll costs into the principal. On a purchase, lender credits in exchange for a slightly higher rate are the more common path.