Closing Cost Calculator

Buyers pay most closing costs (lender fees, title insurance, appraisal, etc.). Sellers typically pay real estate agent commissions (5-6%) and some transfer taxes. Some costs are negotiable between parties.

Yes. The origination fee is negotiable, you can shop for title insurance and home insurance, and you can ask the seller to contribute toward closing costs (seller concessions, typically up to 3-6% of the price).

Some closing costs can be financed into the loan (like points and origination fees), but this increases your loan balance and total interest. Lender credits (accepting a higher rate for reduced closing costs) are another option.

The lender covers closing costs in exchange for a higher interest rate. You pay less upfront but more monthly. This can make sense if you plan to sell or refinance within a few years.

Down payment + closing costs. For a $350K home with 20% down and 3% closing costs: $70,000 + $10,500 = $80,500. You also need earnest money (1-2% of price) deposited earlier.

A standardized form your lender must provide within 3 business days of application, showing estimated interest rate, monthly payment, and closing costs. Use it to compare offers from different lenders.

A final detailed statement of all loan terms and closing costs, provided at least 3 business days before closing. Compare it to the Loan Estimate to catch any unexpected changes.

Discount points are deductible in the year of purchase (for primary residences). Property taxes prepaid at closing are deductible. Other closing costs are generally not deductible but may be added to your cost basis.

Prepaid costs (property tax and insurance escrow deposits, prepaid interest) are often listed separately from closing costs but are due at closing. They represent future obligations paid in advance, not fees.