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Closing Costs Calculator

Closing costs are the fees and expenses required to finalize a real estate transaction, whether you're buying or selling a home. Some fees are paid to your lender, and others to third parties, such as appraisers, inspectors, and title companies. Both buyers and sellers may be responsible for different portions of the closing costs. Use our calculator to estimate your closing costs.

Home Price

Down Payment (5%)

Interest Rate

%

Loan Term

Years

Estimated Funds Needed at Closing

$25,510

Includes $20,000 down payment and $5,510 in estimated closing costs.

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Underwriting Fee

$

Appraisal Fee

$

Credit Report

$

Flood Certification

$

Lender's Title Insurance

$

Owner's Title Insurance

$

Recording Fees

$

Prepaid Interest (15 days)

$1,015

Home Insurance (1st Year)

$1,200

Tax Escrow Reserve (3 mos)

$1,200

Insurance Escrow Reserve (3 mos)

$300

Note: Prepaids are estimates based on your loan amount and property tax rates.
Disclaimer: The closing cost calculator is intended to be used for educational purposes only. Actual costs may vary based on specific lender fees, local assessments, and other factors such as loan type and geography. This calculator does not include all potential closing costs, such as mortgage insurance premiums (if applicable), transfer taxes, or other fees associated with specific loan programs or property locations. It is recommended to consult with a licensed lender in your area for a more precise estimate of your closing costs.
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IDX provided courtesy of Realcomp II Ltd. via GoodHome Realty and MLS. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The data relating to real estate properties on this website was last updated as recently as .

Listing Information presented by local MLS brokerage: GoodHome Realty and MLS, Inc., REALTOR® - Quinton Lemond - (248) 928-4992.