Tiny Toolkit

Closing Cost Calculator

Closing costs can add 2–5% to the purchase price for buyers and 8–10% of the sale price for sellers — yet most people don't see the full picture until they receive the Closing Disclosure. Toggle between buyer and seller views to see an itemized breakdown of every major cost line, from loan origination and title insurance to agent commissions and transfer taxes. All figures are estimates; always request a formal Loan Estimate from your lender.

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Frequently Asked Questions

What closing costs does a buyer typically pay?
Buyer closing costs usually include loan origination (0.5–1% of loan), appraisal, title insurance, transfer taxes, recording fees, home inspection, prepaid interest, and escrow setup. Total buyer closing costs typically run 2–5% of the purchase price depending on state and lender.
What closing costs does a seller typically pay?
Sellers typically pay the largest cost: agent commissions (5–6% of sale price). Other seller costs include transfer taxes, title and escrow fees, prorated property taxes, and recording fees. Total seller closing costs typically run 8–10% of the sale price.
What is a transfer tax?
A transfer tax (also called a deed transfer tax or conveyance tax) is a state or local tax charged when real property changes hands. Rates vary widely by state, from 0% in some states to over 2% in others. Some states split the tax between buyer and seller; others charge only one party.
Can closing costs be negotiated or rolled into the loan?
Many closing costs are negotiable. Sellers can offer seller concessions to cover some buyer closing costs. Buyers can also ask the lender about rolling some costs into the loan balance, though this increases the loan amount and total interest paid.

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How Much Are Closing Costs for Buyers and Sellers?

Closing costs catch many buyers and sellers off guard. Here's a breakdown of what each side pays, what's negotiable, and how to estimate your total before closing day.

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