Closing costs hub: fees, prepaids and cash to close
Buyers typically pay about 2–5% of the loan amount in closing costs, on top of the down payment. This hub combines the closing cost, down payment and affordability calculators with guides explaining lender fees, title charges and the Closing Disclosure.
Start hereUse the free Closing Cost CalculatorEstimate closing costs and the total cash you need at the closing table.Quick checklist
- Compare the itemized Loan Estimate from each lender: closing costs include loan charges, other services, taxes, prepaids and initial escrow deposits—not the down payment.
- For an early estimate, cash needed = down payment + buyer-paid closing costs (including prepaids) − earnest-money deposits − eligible seller/lender credits; use the lender's full Cash to Close table for any other adjustments.
- Before signing, compare the Closing Disclosure's final Closing Costs and Cash to Close with your Loan Estimate and ask your lender about changes.
Sources: CFPB — Loan Estimate explainer; CFPB — Closing Disclosure explainer
Calculators for closing costs projects
- Closing Cost CalculatorEstimate closing costs and the total cash you need at the closing table.
- Down Payment CalculatorSee the down payment, loan amount and loan-to-value for any percentage down.
- Home Affordability CalculatorEstimate the home price your income, debts and down payment could support using DTI limits.
- Mortgage CalculatorEstimate the monthly principal, interest, tax, insurance, PMI and HOA cost of a home loan.
In-depth guides
- What Are Closing Costs? A Buyer's Guide to the Fees
Buyer closing costs are typically 2-5% of the loan amount and cover lender fees, third-party services, title work, government charges and prepaid escrow items. On a $350,000 purchase, that is commonly $8,750-$14,000, confirmed by your lender's Loan Estimate rather than a national average.
- How Much Should You Put Down on a House?
On a $400,000 home, a 5% down payment ($20,000) leaves a $380,000 loan with PMI, while 20% down ($80,000) leaves a $320,000 loan with no PMI required. The larger down payment lowers the monthly payment by both the smaller loan and the removed insurance cost, but ties up $60,000 more cash.
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Common questions
- How much are closing costs for a buyer?
- Commonly 2–5% of the loan amount, depending on state, lender and title fees.
- What is cash to close?
- Down payment plus closing costs and prepaids, minus deposits and credits.
- Can closing costs be reduced?
- Compare Loan Estimates, shop title services where allowed, and negotiate seller credits.
Not sure which tool fits your project? Describe it to the Project Advisor.