Essential
Closing Cost Estimator
Estimate closing costs for buyers and sellers in real estate transactions. Get detailed breakdowns of fees, taxes, and expenses.
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Common Buyer Closing Costs
- Loan Origination Fee: Typically 0.5-1% of loan amount
- Appraisal Fee: $400-600 for home valuation
- Home Inspection: $300-500 for property inspection
- Title Insurance: Protects against title defects
- Prepaid Interest: Interest from closing to first payment
- Escrow Deposits: Initial funds for taxes and insurance
Common Seller Closing Costs
- Real Estate Commission: Typically 5-6% of sale price
- Transfer Taxes: Varies by state and locality
- Title Insurance: Owner's policy for buyer protection
- Attorney Fees: Legal representation (if required)
- Home Warranty: Optional protection for buyer
- Concessions: Credits given to buyer for repairs
Important Notes
- • Closing costs typically range from 2-5% of the home's purchase price
- • Actual costs may vary based on location, lender, and specific transaction
- • Some costs are negotiable between buyer and seller
- • Shop around for services like title insurance and inspections
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