Closing Costs Calculator

Estimate buyer or seller closing costs including origination, title insurance, appraisal, and agent commission.

By Konstantin Iakovlev · Updated September 2026 · Source: CFPB — Owning a Home

$
$
Buyer or Seller

Buyer Closing Costs

$8,041.67

% of Purchase Price

2.30%

Buyer Cost Breakdown

Loan Origination (1%)$2,800.00
Appraisal$500.00
Home Inspection$400.00
Title Insurance (0.5%)$1,750.00
Recording Fees$200.00
Attorney Fees$1,500.00
Escrow (2 months tax + insurance)$891.67
Total Closing Costs$8,041.67

Use the Closing Costs Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

Our Closing Costs Calculator estimates the total expenses you'll pay at the end of a mortgage transaction, beyond the down payment. Understanding these costs upfront is crucial for budgeting and avoiding financial surprises when buying or refinancing a home.

This calculator aggregates various closing cost categories, often expressed as a percentage of the loan amount or fixed fees. On the buyer side it includes lender fees (origination, underwriting), third-party fees (appraisal, title insurance, attorney), and prepaid items (property taxes, homeowner's insurance). Switching to the seller side replaces those with the agent commission, prorated property taxes and the transfer tax. That transfer tax line covers the state charge plus a typical local add-on where one applies, so treat it as the common case rather than a quote for a specific address.

Washington and New Jersey both show why the state you sell in matters more than a single percentage suggests. Washington's state real estate excise tax is graduated: the rates of 1.10%, 1.28%, 2.75% and 3.00% each apply only to the portion of the sale price inside their band, so no single one of them is right for the whole price. A flat local excise tax then sits on top, charged on the full price — 0.50% across most of the state, Seattle, Bellevue, Tacoma, Everett and Spokane included, and that is the figure used here. New Jersey sellers pay two separate charges: a Realty Transfer Fee that is graduated per $500 and moves onto a dearer schedule above $350,000, and, since 10 July 2025, a Graduated Percent Fee of 1% to 3.5% of the entire price on sales above $1,000,000, which replaced the mansion tax the buyer used to pay. If your jurisdiction charges a local rate other than 0.50%, the transfer tax calculator lets you set it yourself and shows each share on its own line.

Always ask for a detailed Loan Estimate from your lender, as this provides an official breakdown of your specific closing costs. Don't forget to budget for unexpected costs, and compare estimates from multiple lenders to find the best deal.

Example: Selling a $1,200,000 Home in New Jersey

  1. 1 Input a home price of $1,200,000, set the state to New Jersey and switch the toggle from Buyer to Seller.
  2. 2 The agent commission at 5.5% comes to $66,000 and title insurance at 0.5% to $6,000. Six months of prorated property taxes, estimated at 1.1% of the price a year, adds $6,600.
  3. 3 The transfer tax line is $23,995, and it is two charges rather than one. Because the sale is above $350,000 the Realty Transfer Fee uses the higher schedule and is worked out band by band: $870 on the first $150,000, $425 on the next $50,000, $3,360 up to $550,000, $3,180 up to $850,000, $1,740 up to $1,000,000 and $2,420 on the last $200,000, for $11,995. The seller-paid Graduated Percent Fee then adds 1% of the whole $1,200,000, another $12,000.
  4. 4 Total seller closing costs come to $102,595, or 8.55% of the sale price. A flat 0.40% transfer tax would have shown that line as $4,800 and hidden about $19,200 of the bill. The commission is still the largest piece, and the one most open to negotiation.

Source: CFPB — Owning a Home · Last updated: September 2026

Frequently Asked Questions

How much are typical closing costs for a home buyer?
Buyer closing costs typically run 2-5% of the purchase price. On a $350,000 home, expect $7,000-$17,500 covering appraisal, title insurance, origination fee, recording fees, and prepaid expenses.
Can the seller pay my closing costs?
Yes, seller concessions are common. Sellers can pay a portion of buyer closing costs, usually up to 3-6% depending on the loan type. This is often negotiated as part of the purchase offer.
What closing costs does a seller pay?
Sellers typically pay real estate agent commissions (5-6% of sale price), transfer taxes, title insurance for the buyer, and their share of prorated property taxes. Total seller costs usually run 7-10% of the sale price.

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