Closing Cost Estimator
Estimate buyer and seller closing costs with regional presets. Includes loan fees, title insurance, escrow, transfer taxes, and commissions.
Frequently Asked Questions
Closing costs typically range from 2-5% of the home's purchase price for buyers and 6-10% for sellers (including commissions). Costs vary by location and loan type.
Some closing costs are negotiable, such as lender fees, title insurance, and home warranty. Sellers may also agree to pay some buyer closing costs.
Title insurance protects against ownership disputes, liens, and other title defects. It's typically required by lenders and recommended for buyers.
Closing costs are paid at the closing table, usually by wire transfer or certified check. Some costs may be prepaid or rolled into your loan.
Shop around for lenders and title companies, negotiate seller concessions, choose a no-closing-cost loan, or time your closing for the end of the month to reduce prepaid interest.
Warning: No-closing-cost loans typically have higher interest rates, so calculate the long-term cost impact.
Buyers typically pay loan-related fees, inspections, and insurance. Sellers pay real estate commissions, transfer taxes, and title policy for the buyer.
Tip: Some costs like title insurance, escrow fees, and transfer taxes can be negotiated between buyer and seller.