Buyer Closing Cost Calculator
Estimate buyer-side closing costs as a percentage of purchase price and loan amount, plus total cash needed at closing (down payment plus closing costs and prepaids).
Buyer Closing Cost Itemization
2.44% of Purchase Price | 3.05% of Loan
Buyer Closing Cost & Total Cash Formula
Total Buyer Closing Costs = Lender Fees + Appraisal/Inspection + Title/Settlement + Prepaids + Other | Cash Needed = (Purchase Price − Loan Amount) + Buyer Closing Costs- Implied Down Payment = Purchase Price − Loan Amount.
- Reports Buyer Closing Costs both as a percentage of Purchase Price and as a percentage of Loan Amount.
Step-by-Step Worked Example
Calculation Steps:
- Total Buyer Closing Costs = $2,650 + $1,150 + $2,400 + $3,900 + $650 = $10,750.00
- Closing Cost Ratios = 2.44% of Purchase Price | 3.05% of Loan Amount
- Estimated Cash Needed at Closing = $88,000 + $10,750 = $98,750.00
How to Use This Calculator
- 1Enter the home purchase price and mortgage loan amount.
- 2Input your estimated lender fees, appraisal/inspection fees, title/settlement charges, prepaid tax/insurance escrows, and other costs.
- 3Review your total buyer closing costs and total cash needed at closing.
Assumptions & Limitations
- If you have already paid earnest money or negotiated seller/lender credits, use the Cash to Close Calculator to deduct those credits from your gross cash needed.
Frequently Asked Questions
What is the difference between closing fees and prepaid expenses?
Closing fees are one-time transaction charges paid to your lender, appraiser, and title company. Prepaid expenses are your own homeowner costs—such as daily mortgage interest from closing to month-end, your first year’s homeowners insurance premium, and initial property tax escrow deposits—collected upfront at settlement.
When do I get an exact figure for my buyer closing costs?
Your lender must provide an official Loan Estimate (LE) within 3 business days of your mortgage application and a final Closing Disclosure (CD) at least 3 business days before settlement.
Related Cost Calculators
Down Payment Calculator
Calculate down payment dollar amount, percentage, remaining loan amount, and 80% LTV conventional PMI threshold.
Closing Cost Calculator
Itemize lender origination, appraisal, inspection, title/settlement, recording fees, and prepaids to see cash required at closing.
Seller Closing Cost Calculator
Calculate itemized seller closing costs including agent commissions, owner title insurance, settlement fees, and state/county transfer taxes.
Real Estate Closing Cost & Cash to Close Calculator
Calculate exact net Cash to Close due at settlement by combining down payment, closing costs, and prepaids, less earnest money and seller/lender credits.