Closing Cost Calculator
Estimate buyer closing costs, calculate seller net proceeds, or figure out total cash needed to close. Override each line item for your situation. Works with any currency.
Try another scenario
Calculate for your country ▼
How to Use This Calculator
Tab "Buyer Costs"
Enter the home purchase price and review each closing cost line item. Default values represent typical ranges, but you can override any amount to match quotes from your lender or title company. The result shows total buyer closing costs and the percentage of the home price.
Tab "Seller Costs"
Enter the sale price, agent commission percentage, and outstanding mortgage balance. Add seller-side costs like title insurance, transfer tax, and other fees. The result shows your estimated net proceeds after all costs and mortgage payoff.
Tab "Total Cash Needed"
Enter the home price, down payment percentage, estimated closing costs (use the Buyer Costs tab to calculate), reserve months, and estimated monthly payment. The result shows the total cash you need to bring to closing day.
The Formulas
Total = Origination Fee + Title Insurance + Appraisal + Inspection + Escrow + Recording Fees + Prepaids
Typically 2–5% of the purchase price
Seller net proceeds:
Net Proceeds = Sale Price − Commission − Title Insurance (seller) − Transfer Tax − Other Costs − Mortgage Payoff
Total cash needed:
Total Cash = Down Payment + Buyer Closing Costs + Reserves
Down Payment = Home Price × Down Payment %
Reserves = Monthly Payment × Reserve Months
All calculations are universal and pre-tax. No country-specific transfer taxes, stamp duties, or recording fee schedules are applied. Results are estimates.
Worked Examples
Example 1 — Buyer closing costs on a $350,000 home
A first-time buyer purchasing a $350,000 home gets these estimates from their lender and title company.
At 2.9% of the purchase price, these closing costs fall within the typical 2–5% range. The buyer should budget at least $10,250 in addition to their down payment.
Example 2 — Seller net proceeds on a $400,000 sale
A homeowner sells for $400,000 with a remaining mortgage of $250,000 and typical seller costs.
The seller walks away with $123,000 after all costs and mortgage payoff. The agent commission alone accounts for $22,000 — the largest single seller expense.
Example 3 — Total cash needed for a $400,000 home with 20% down
A buyer wants to know the total cash needed to close on a $400,000 home with a 20% down payment.
Your $400K home needs about $97K in total cash. The down payment is the largest component at $80,000, but closing costs and reserves add another $16,600 that many buyers underestimate.
Understanding Closing Costs
What Are Closing Costs?
Closing costs are fees and expenses beyond the property price that buyers and sellers pay when a real estate transaction is finalised. They cover services like title searches, appraisals, inspections, lender fees, government recording, and prepaid expenses. Both sides of the transaction have closing costs, though the specific items differ.
Buyer Closing Costs Breakdown
Origination fee (0.5–1% of loan): the lender's fee for processing your mortgage. Title insurance (0.5–1% of price): protects against title defects. Appraisal ($300–$600): required by the lender to confirm property value. Inspection ($300–$500): optional but strongly recommended. Escrow ($500–$2,000): the settlement agent's fee. Recording fees ($100–$500): government charges to record the deed. Prepaids: several months of property tax and insurance held in escrow.
Seller Closing Costs
The largest seller cost is the real estate agent commission, typically 5–6% of the sale price split between buyer's and seller's agents. Sellers also pay transfer taxes (varies by jurisdiction), their portion of title insurance, and miscellaneous costs like attorney fees, HOA transfer fees, or repair credits negotiated with the buyer.
Reserves and Cash-to-Close
Lenders often require reserves — 2 to 6 months of mortgage payments sitting in your bank account after closing. This proves you can handle payments even if income is disrupted. Reserves are not paid at closing but must be verified. Your total cash-to-close includes the down payment, closing costs, and enough left over to satisfy the reserve requirement.