Estimate Your Home Closing Costs
Calculate buyer and seller closing costs. Title insurance, origination fees, transfer taxes, and escrow.
Buyer Closing Costs (2-5% of Price)
Buyers typically pay 2-5% of the purchase price in closing costs. On a $400,000 home: $8,000-20,000. Major components: Loan origination fee (0.5-1% of loan), title insurance (0.5% of price), appraisal ($400-600), home inspection ($300-500), escrow/prepaid taxes (2-6 months), and transfer taxes (varies by state).
Seller Closing Costs (6-10%)
Sellers pay more — typically 6-10% of the sale price. The largest component is real estate agent commissions (5-6% of sale price, split between buyer and seller agents). After the 2024 NAR settlement, commission structures are changing — buyers may negotiate agent fees separately. Other seller costs include title insurance, transfer taxes, and outstanding liens.
The single best way to reduce closing costs: negotiate the loan origination fee. Many lenders will reduce or waive the 1% origination fee ($3,200 on a $320K loan) if you ask — especially if you show a competing offer from another lender.
