Closing Cost Calculator
Closing costs typically run 2%–5% of the loan amount. Enter your loan details to see an itemized estimate of what to expect at the closing table.
How This Calculator Works
This calculator estimates typical closing costs based on national averages. Actual costs vary by location, lender, and loan type.
Formula: Total Closing Costs = Origination (1% of loan) + Appraisal ($500) + Title Insurance (0.5% of price) + Attorney ($1,200) + Recording ($300) + Prepaids (1.5% of price).
Assumptions & Limitations
- • Costs are based on national averages and will vary by location.
- • Origination fee is estimated at 1% of loan amount.
- • Some costs may be negotiable with the seller or lender.
Frequently Asked Questions
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