Closing Cost Calculator

Buyer closing costs commonly run 2% to 5% of the purchase price, and seller costs 6% to 10% once agent commission is included. The split varies widely by state and is often negotiated in the contract.

Custom varies by state and even by county. Buyers typically pay lender fees, the lender's title policy and prepaid escrow; sellers typically pay agent commission, the owner's title policy and transfer tax. Everything is negotiable between the parties.

At closing the lender collects several months of property tax and homeowner's insurance up front to seed the escrow account, so the first bills are covered before enough monthly payments have accumulated. Three months is a common starting point.

Usually not. Closing costs are paid at the table in addition to the down payment, though some loan programmes allow a portion to be rolled into the loan or covered by a seller credit or lender credit.