Closing Cost Calculator 2026
Estimate buyer or seller closing costs with itemized breakdowns by state.
Property Details
Estimated Buyer Closing Costs
$10,145
2.5% of home price
Down Payment
$80,000
Net Closing Costs
$10,145
Cash to Close
$90,145
Itemized Costs
Lender Fees
Title & Escrow
Government & Taxes
Prepaid Items
Disclaimer
- Estimates based on state averages — actual costs vary by lender and county.
- Real estate commissions are negotiable (NAR settlement changes 2024+).
- FHA MIP and VA funding fee may be financed into the loan.
- Get a Loan Estimate from your lender for exact numbers.
What Are Closing Costs?
Closing costs are fees paid at the final step of a real estate transaction — when ownership officially transfers. Both buyers and sellers pay closing costs, though the types differ. Buyer costs typically run 2-5% of the home price, while seller costs (dominated by agent commissions) average 6-10%.
Average Closing Costs by State
Closing costs vary significantly by state due to differences in transfer taxes, title insurance regulations, and attorney requirements. High-cost states include New York, Delaware, Washington (high transfer taxes), while states like Indiana, Missouri, and Wyoming tend to have lower costs.
| Fee Type | Typical Range | Paid By |
|---|---|---|
| Loan Origination | 0.5-1% of loan | Buyer |
| Appraisal | $400-$700 | Buyer |
| Title Insurance | $1,000-$4,000 | Varies |
| Transfer Tax | 0-2% of price | Varies |
| Agent Commission | 5-6% of price | Seller |
| Escrow Fee | $500-$2,000 | Split |
How to Reduce Closing Costs
- Shop lenders — compare Loan Estimates from 3+ lenders; origination fees vary significantly
- Negotiate seller concessions — ask the seller to cover 2-3% of closing costs (common in buyer's markets)
- Ask about lender credits — accept a slightly higher rate in exchange for the lender covering closing costs
- Close at month-end — reduces prepaid interest days
- Compare title companies — title insurance rates aren't always fixed; shop around
FHA, VA, and USDA Closing Costs
Government-backed loans have specific fees: FHA charges a 1.75% upfront mortgage insurance premium (can be financed), VA charges a funding fee of 2.3% (first use, 0% down), and USDA charges a 1% guarantee fee. VA loans prohibit certain buyer fees, which can lower overall closing costs.
CFPB — Understanding Closing Costs→Frequently Asked Questions
Can closing costs be rolled into the loan?
For purchases, usually no — you need to pay closing costs at closing. FHA and VA allow rolling their specific fees into the loan. For refinances, you can typically roll closing costs into the new loan balance (a "no-closing-cost refinance"), though you'll pay more in interest over time.
Who pays closing costs — buyer or seller?
Both pay different costs. Buyers typically pay lender fees, appraisal, title insurance (lender's policy), and prepaid items. Sellers typically pay agent commissions, owner's title policy, and transfer taxes. Everything is negotiable.
What is "cash to close"?
Cash to close is the total amount you need to bring to closing day: down payment + buyer closing costs - any earnest money deposit and seller credits. Your lender provides the exact figure on the Closing Disclosure 3 days before closing.
Planning your home purchase? Check our Home Affordability Calculator and Mortgage Calculator.