What are typical buyer closing costs?

Buyers typically pay 2% to 5% of the loan amount in closing costs. On a $300,000 loan that is $6,000 to $15,000. Costs include loan origination, appraisal, title insurance, escrow/attorney fees, prepaid interest, and recording fees.

What are typical seller closing costs?

Sellers usually pay 6% to 10% of the sale price. The largest expense is the real estate agent commission (typically 5% to 6%), followed by transfer taxes, title fees, and any agreed seller concessions.

Can I roll closing costs into my loan?

In many cases yes. Lenders may allow you to finance closing costs by slightly increasing the loan amount or accepting a slightly higher interest rate in exchange for lender credits that offset fees. Ask your lender about "no-closing-cost" options.

What is an origination fee?

The loan origination fee is charged by the lender to process your mortgage application and is usually 0.5% to 1% of the loan amount. It covers underwriting, document preparation, and administrative costs.

Are these estimates exact?

No — these are estimates based on national averages and typical state rates. Actual closing costs vary by lender, title company, county, and property type. Always request a Loan Estimate from your lender for precise figures.

What is title insurance and do I need it?

Lender's title insurance is required by virtually all lenders and protects the lender if a title defect is discovered. Owner's title insurance is optional but strongly recommended — it protects you from claims arising before you purchased the property.

Closing Cost Calculator

Enter the home price and loan details to instantly estimate buyer and seller closing costs, broken down by fee category.

Property Details

Home Sale Price

Down Payment

Loan Type

State

Transfer Tax Paid By

Agent Commission Rate

Buyer Closing Costs

—

of loan amount

Seller Closing Costs

—

of sale price

Down Payment

—

cash at closing

Total Cash to Close

—

buyer total

Buyer Closing Costs

Enter details and click Calculate.

Seller Closing Costs

Enter details and click Calculate.

Assumptions behind the estimate

Lender fees: 1% origination, $550 appraisal, $30 credit report. FHA upfront MIP 1.75%. VA funding fee 2.15% (under 5% down), 1.5% (5% to 9.99%) or 1.25% (10% or more), first-time use.
Title insurance: lender's policy 0.5% of the loan, owner's policy 0.4% of the price. Escrow/settlement fee 0.3% of the price, kept between $800 and $2,000.
Prepaids: 15 days of interest at 7%, 2 months of homeowners insurance (0.5% of price a year) and 2 months of property tax (1.2% of price a year).
Transfer tax: state-level rate (plus statewide county rates where uniform) in effect October 2026. City, county and mansion taxes (for example New York City, Philadelphia, Chicago, or New Jersey and New York sales of $1 million or more) are not included.
Seller: your commission rate, $600 title/settlement, $500 attorney or closing fee, $250 HOA transfer fee and 3 months of prorated property tax.

Actual costs vary by lender, title company, county and property type. Ask your lender for a Loan Estimate for exact figures.

Summary

The Closing Cost Calculator provides a detailed estimate of both buyer and seller closing costs for a residential home purchase. Enter the home sale price, loan amount, and your state to see an itemized breakdown of fees including loan origination, appraisal, title insurance, escrow, prepaid interest, and transfer taxes. Typical buyer closing costs range from 2% to 5% of the loan amount, while seller costs generally run 6% to 10% of the sale price.

How it works

Enter the home sale price and your loan amount (or down payment percentage).
Select your state to apply the correct transfer tax and recording fee rates.
Choose your loan type (conventional, FHA, or VA) to include applicable fees.
The calculator instantly displays an itemized buyer closing cost summary.
Review the seller closing cost section, which includes agent commissions and transfer taxes.
Use the total cash-to-close figure to plan your available funds at settlement.

Use cases

Estimating upfront cash needed before making an offer on a home.
Comparing closing costs between different loan types (conventional vs. FHA vs. VA).
Understanding how much sellers net after commissions and fees.
Budgeting for a home purchase beyond just the down payment.
Negotiating seller concessions by knowing typical closing cost amounts.
Planning a home sale timeline based on net proceeds.
First-time home buyers learning what fees to expect at closing.
Comparing closing cost estimates from different lenders.

Frequently Asked Questions

Last updated: 2026-06-13 · Reviewed by Nham Vu