Closing cost estimator
Closing costs typically run about 2-5% of the purchase price on top of your down payment. Adjust the assumptions to estimate your fees and total cash to close.
Reviewed by Brian Stroka, NMLS #1682839·Free, no signup·Equal Housing Lender
Down payment
$80,000
Estimated closing costs
$10,325
Total cash to close
$90,325
| Closing cost item | Estimate |
|---|---|
| Loan origination | $3,200 |
| Title & settlement | $2,000 |
| Appraisal | $650 |
| Credit, flood & processing | $500 |
| Recording & government fees | $175 |
| Prepaid property taxes (6 mo) | $2,200 |
| Prepaid homeowners insurance (12 mo) | $1,600 |
| Total closing costs | $10,325 |
Estimates only. Actual fees vary by lender, location, and program. Third-party and prepaid amounts are approximate.
Frequently asked questions
- What's the difference between closing costs and cash to close?
- Closing costs are lender, title, and prepaid fees. Cash to close is those costs plus your down payment, minus any seller credits or deposits already paid.
- Can closing costs be reduced?
- Sometimes. Seller or lender credits, shopping title/settlement providers, and choosing fewer discount points can all lower your out-of-pocket cost. Ask about your options.
BS
Questions about your numbers?
Brian Stroka, Loan Officer · NMLS #1682839