Closing Costs Estimator
See what to expect at closing
PURCHASE PRICE
$300,000
DOWN PAYMENT
$30,000
LOAN AMOUNT
$270,000
ESTIMATED CLOSING COSTS
$8,712
Loan Origination
1% of loan amount
$2,700
Appraisal
Third-party appraisal
$550
Title Insurance (Lender)
0.3% of loan
$810
Title Insurance (Owner)
0.4% of purchase price
$1,200
Title Search & Settlement
Search and closing fees
$650
Recording Fees
County recording
$175
Home Inspection
Professional inspection
$425
Homeowner's Insurance (1 mo)
One month prepaid
$100
Prepaid Interest
~15 days at 7% APR
$776.71
Property Tax Escrow
2.5 months at 1.8%/yr
$1,125
Insurance Escrow
2 months of insurance
$200
PMI Note: ~$112.50/mo until 20% equity
These are estimates. Actual closing costs vary by property, lender, and location. Consult with a loan officer for accurate final numbers.