Your itemized estimate is $4,532 above the state average. Consider negotiating fees or shopping lenders.
Detailed Cost Breakdown
🏦 Lender Fees$3,160 (0.9%)
📋 Title & Escrow Fees$4,325 (1.2%)
📅 Prepaid Items$3,297 (0.9%)
📦 Other Fees$2,500 (0.7%)
Loan Origination Fee
0.5%–1% of loan amount
$
Appraisal Fee
Typically $300–$500
$
Credit Report Fee
Typically $30–$50
$
Underwriting Fee
Typically $400–$800
$
Flood Certification
Typically $15–$25
$
Subtotal: $3,160
Title Insurance (Lender)
0.5%–1% of loan amount
$
Title Insurance (Owner)
0.5%–1% of purchase price
$
Title Search
Typically $200–$400
$
Recording Fees
Typically $100–$250
$
Settlement / Escrow Fee
~0.1%–0.3% of price
$
Subtotal: $4,325
Property Tax (3 months)
0.74% annual rate, 2–6 months prepaid
$
Homeowner's Insurance (1 year)
Typically 0.25%–0.5% of home value
$
Prepaid Interest (~15 days)
Daily rate: $52.50
$
Escrow Reserves (2 months)
Tax + insurance escrow cushion
$
Subtotal: $3,297
Home Inspection
Typically $300–$500
$
Pest Inspection
Typically $75–$150
$
Property Survey
Typically $400–$700
$
Attorney Fees
Typically $500–$1,500
$
Transfer Tax
Varies by state, ~0.1%–0.5%
$
Subtotal: $2,500
Cash Needed at Closing
Down Payment (20.0%)$70,000
Total Closing Costs$13,282
Total Cash Needed$83,282
Down Payment:$70,000(84%)
Net Closing Costs:$13,282(16%)
Closing Cost Estimates by State (Top & Bottom 5)
Highest Closing Costs
New York 3.8% ($13,300)
Delaware 3.6% ($12,600)
Washington D.C. 3.4% ($11,900)
Pennsylvania 3.3% ($11,550)
New Jersey 3.2% ($11,200)
Lowest Closing Costs
Alabama 2% ($7,000)
Missouri 2% ($7,000)
Mississippi 2.1% ($7,350)
Wyoming 2.1% ($7,350)
Colorado 2.2% ($7,700)
Tips to Reduce Closing Costs
Shop Around for Lenders
Compare Loan Estimates from at least 3 lenders. Origination fees and rates vary significantly.
Negotiate Seller Concessions
Ask the seller to cover 2%–6% of closing costs, especially in a buyer's market.
Compare Title Insurance
Title insurance rates aren't fixed. Get quotes from multiple title companies.
Choose Your Closing Date
Closing at the end of the month reduces prepaid interest charges.
Ask About Lender Credits
Some lenders offer credits toward closing costs in exchange for a slightly higher interest rate.
Review the Closing Disclosure
Compare your final Closing Disclosure to the Loan Estimate. Challenge any unexpected fees.
Closing cost estimates are based on national averages and typical fee ranges. Actual costs vary by lender, location, and transaction details. This calculator is for informational purposes only and does not constitute financial advice. Always review your official Loan Estimate and Closing Disclosure documents.