Closing Costs & Cash-to-Close Calculator
Your closing costs are the fees paid at settlement on top of your down payment. This calculator lets you enter each fee individually so you see exactly where the money goes. On a $375,000 purchase, closing costs commonly run between 2% and 5% of the price, meaning $7,500 to $18,750 in fees before adding the down payment.
Now, and the offer
—
around —
- Payment now
- $0.00
- Payment after
- $0.00
- Saved each month
- $0.00
- Closing costs
- $0
- Interest over the full life
- $0
—
A positive lifetime figure means the new loan costs more in total interest even though the monthly payment fell — usually because the term restarted. Both numbers matter.
Common Closing Cost Line Items
Closing costs include lender fees, third-party fees and government charges. On the lender side, you may see an origination fee (often 0.5% to 1% of the loan), an underwriting fee and a credit-report fee. Third-party costs include the appraisal, home inspection, title search, title insurance, survey, and attorney or settlement-agent fees where required by state law.
Government recording fees and transfer taxes vary by jurisdiction. Prepaid items — the first year's homeowner's insurance premium, several months of property-tax escrow and the daily interest that accrues between closing and your first payment — are technically not closing costs but appear on the same settlement statement and must be paid at the same time. The calculator separates each category so you can see the full picture. Enter the estimates from your loan estimate form (the document your lender is required to provide within three business days of your application) to compare them against the final numbers at closing.
Cash to Close Is More Than Closing Costs
Cash to close equals your down payment plus closing costs plus prepaids, minus any lender credits or earnest money already deposited. On a $375,000 purchase with 10% down, the down payment alone is $37,500. Add $12,000 in closing costs and $4,000 in prepaids and you need $53,500 at the settlement table — or $51,500 if you already deposited $2,000 in earnest money.
The gap between what buyers expect and what they actually need is well documented. Surveys of recent homebuyers consistently find that first-time buyers underestimate their total cash-to-close by a wide margin. The calculator shows the combined figure — down payment, fees and prepaids in one total — so you can plan your savings target accurately. If the number is higher than you expected, strategies like negotiating seller concessions, choosing a lender credit in exchange for a slightly higher rate, or adjusting your down-payment percentage can bring it within reach without delaying your purchase.
Closing cost estimates vary by state, lender and transaction type. Use the figures from your lender's loan estimate for the most accurate projection.