Buyer Closing Costs Calculator

Buyer closing costs are the fees and expenses you pay on top of the purchase price when buying a home. They typically range from 2% to 5% of the purchase price, though they can vary significantly by location and loan type.

Lender fees include the origination fee (what the lender charges to process your loan), discount points (prepaid interest to buy down your rate), the appraisal, and credit report. These are outlined in your Loan Estimate within 3 business days of application.

Title & escrow costs cover title insurance (protects against ownership claims), the title search, settlement agent fees, recording the deed with the county, and any transfer taxes. These vary widely by state — some states require attorneys at closing, others don't.

Prepaids & reserves are costs you pay upfront: your first year of homeowner's insurance, per-diem mortgage interest from closing day to month-end, and escrow reserves (typically 2–3 months of property tax and insurance that your lender holds as a cushion).

Pro tip: You can often negotiate seller concessions (the seller pays a portion of your closing costs) — especially in a buyer's market. FHA allows up to 6% in seller concessions, conventional typically allows 3–6% depending on down payment.