Closing Costs Calculator — itemize your Loan Estimate

How it works

Pure addition, but with CFPB's structure kept intact. The fee lines — appraisal, tax service, title insurance, government taxes, and anything else on the estimate — sum to the fees-only figure: money spent to get the loan. The prepaid expenses — property taxes, homeowners insurance, and interest until the first payment is due — go on top for the total due at closing, but they are a different kind of money: amounts prepaid into escrow on obligations you would owe anyway. The share-of-loan output divides the total by the loan amount as a plain ratio of your own numbers; this page deliberately quotes no "typical percentage," because its cited source publishes the item list, not a range. Enter the lines from the Loan Estimate your lender provides after you apply, and the itemized table shows where the money goes.

Worked example

The arithmetic is the sum of your own lines, so the example is the default scenario rather than a published case: $500 of appraisal fees, $1,000 of title insurance, $1,200 of government taxes, $100 of tax service fees, and $700 of other charges make $3,500 of fees; adding $2,500 of prepaid expenses brings the total due at closing to $6,000 — about 1.88% of the $320,000 loan. Every figure is this calculator's addition of the entered placeholders; your Loan Estimate's lines replace them, and the item set itself is the published part (CFPB).

Frequently asked questions

What counts as closing costs?

The charges paid when the loan closes. CFPB's list of common items: appraisal fees, tax service provider fees, title insurance, government taxes, and prepaid expenses such as property taxes, homeowners insurance, and interest until your first payment is due. Lender origination charges and similar lines from your estimate belong in the other field.

Who pays the closing costs?

CFPB's answer: when you are buying a home you generally pay the costs of the transaction, though depending on the contract or state law the seller may end up paying some. Even seller credits tend to come back through the price or the rate — negotiated help is rarely free money.

Why are prepaids separated from fees?

Because they are not charges for the loan: prepaid property taxes, insurance, and interest are your own obligations paid in advance into escrow. Comparing lenders on the fees-only figure avoids penalizing a quote that simply collects more escrow up front.

What percentage of the loan should closing costs be?

This page doesn't say — deliberately. Its cited source publishes the item list, not a benchmark range, so the share-of-loan output reports your own ratio without judging it. Comparing the fees-only figure across Loan Estimates for the same loan is the meaningful check.

Where do these numbers come from?

Your Loan Estimate — the standardized disclosure a lender provides after you apply, with every line itemized. Enter its figures and the table mirrors the document; at closing, the Closing Disclosure repeats the exercise with final numbers worth checking against the estimate.

Can closing costs be rolled into the loan?

Often, on refinances especially — the refinance calculator models exactly that trade. Rolling costs in removes the cash due at closing but finances the fees at the loan's rate for its full term, and on a purchase it may not be offered; paying cash at closing keeps the loan and its interest smaller.

How accurate is this, and what does it exclude?

Exactly as accurate as the lines you enter — the arithmetic is addition. It excludes the down payment (not a closing cost), seller-side charges, and any item you leave at zero; and dollar amounts for title, taxes, and recording vary by state and county, which is why the page asks for your documents' figures rather than assuming any.