Itemise lender fees, third-party fees and prepaid escrow to see total closing costs and the cash you need on the day.
Understanding the closing cost calculation
Closing costs typically land between 2% and 5% of the purchase price and are separate from your down payment. They split into three groups: what the lender charges, what third parties charge, and what you prepay into escrow.
Escrow is the part people forget. Several months of property tax plus a full year of homeowners insurance are usually collected upfront, which can add several thousand dollars on top of the fees themselves.
The default scenario, worked through
On the values this calculator opens with, the total closing costs is $10,900. Underneath, Lender fees comes out at $2,400 and Third-party fees at $4,600. Change any field and every figure updates as you type.
How to fill it in
- Enter the home price and down payment.
- Adjust the fee percentages and flat fees to match your loan estimate.
- Set how many months of property tax the lender is collecting.