Closing Cost Calculator
*Principal, interest, property tax, insurance and any mortgage insurance.
- Sale price$350,000
- Listing agent commission (2.5%)−$8,750
- Buyer's agent compensation you agree to pay (2.5%)−$8,750
- Transfer tax (your share)−$2,450
- Owner's title policy for the buyer−$1,575
- Settlement / escrow or attorney fee−$900
- Mortgage release, recording and courier fees−$150
- Mortgage payoff−$180,000
- Estimated net proceeds$147,425
Buying a $350,000 home in Florida with a conventional loan and 10% down, expect closing costs of about $13,267 (3.8% of the price), with a realistic range of $9,394 – $18,177. Add your $35,000 down payment and you'll need roughly $48,267 at closing.
Selling a $350,000 home in Florida, your costs come to about $22,575 (6.5% of the price), leaving roughly $147,425 after a $180,000 mortgage payoff. Commissions are negotiable, and since August 2024 offers to pay the buyer's agent can no longer appear on the MLS, so whether you contribute is a separate decision negotiated in the contract.
Every line, estimated
| Item | Typical range | Estimate |
|---|---|---|
| Lender charges | $4,313 | |
| Origination / lender feeOften 0.5%–1% of the loan; some lenders charge a flat fee instead. | $1,575–$3,150 | $2,363 |
| Appraisal | $550–$800 | $650 |
| Credit report | $60–$160 | $100 |
| Underwriting and processing | $800–$1,500 | $1,100 |
| Flood certification and tax service | $75–$125 | $100 |
| Title and settlement | $2,475 | |
| Lender's title insuranceProtects the lender; rates are set by the state in Texas, Florida and a few others. | $1,103–$1,890 | $1,575 |
| Settlement / escrow or attorney feeSome states close with an attorney rather than a title or escrow company. | $600–$1,400 | $900 |
| Taxes and government fees | $1,908 | |
| Recording fees | $100–$300 | $175 |
| Mortgage / intangible taxDeed stamps $0.70 per $100 (Miami-Dade single-family $0.60); the buyer pays $0.35 per $100 on the note plus 0.2% intangible tax on the mortgage. | Set by law | $1,733 |
| Prepaid items | $3,550 | |
| Prepaid interest (18 days to month-end)Closing late in the month shrinks this; your first payment is due the 1st of the second month after closing. | $64–$1,916 | $1,150 |
| Homeowners insurance, first yearGet two or three quotes; premiums vary widely by state and coverage. | $1,920–$3,360 | $2,400 |
| Escrow deposits | $1,021 | |
| Escrow deposit: insurance (2 months) | $400–$600 | $400 |
| Escrow deposit: property tax (3 months)Depends on when tax bills fall due in your county. | $414–$1,243 | $621 |
| Estimated closing costs | $13,267 | |
$1,575–$3,150
$550–$800
$60–$160
$800–$1,500
$75–$125
$1,103–$1,890
$600–$1,400
$100–$300
Set by law
$64–$1,916
$1,920–$3,360
$400–$600
$414–$1,243
The biggest slice of your bill is lender charges at $4,313. Prepaid items and escrow deposits ($4,571) aren't really fees — they pre-fund insurance, interest and taxes you would pay anyway. The closing date matters more than most buyers expect: lenders collect interest from closing day to the end of that month, so this estimate includes 18 day(s) of prepaid interest. Closing near month-end lowers the cash you bring — though the interest isn't saved, just paid later with your first payment.
Closing costs are everything you pay to finish a home purchase besides the down payment: lender fees, title insurance, government taxes and the first round of insurance, interest and tax deposits. With this week's average 30-year rate at 7.40%, a $350,000 purchase in Florida works out like this:
- Closing costs of about $13,267 (3.8% of the price), realistically $9,394 – $18,177.
- Cash needed at closing, including the down payment: about $48,267.
- On a conventional loan with 10% down, the seller can contribute up to 6% of the price — about $21,000 here — but never more than your actual costs.
Quick Answers About Closing Costs
For the scenario in the calculator — $350,000 in Florida with a conventional loan — about $13,267, or 3.8% of the price. Across the country, buyers typically pay 2% to 5% of the purchase price; transfer taxes, title rates and property-tax escrow are what push a state toward either end.
Both. Buyers pay the lender's charges, their title and settlement share, prepaid interest and the escrow deposits. Sellers pay agent commissions, their loan payoff and, in most states, the transfer tax; the owner's title policy follows local custom. Everything is negotiable: On a conventional loan with 10% down, the seller can contribute up to 6% of the price — about $21,000 here — but never more than your actual costs.
On a purchase, mostly no — the loan is capped by the price and your down payment. The exceptions are program fees: FHA's upfront mortgage insurance, the VA funding fee and the USDA guarantee fee can be added to the loan. Otherwise, the ways to bring less cash are a seller credit, a lender credit in exchange for a slightly higher rate, or a "no-closing-cost" loan built the same way. On a refinance, costs can usually be added to the new balance.
Your down payment plus closing costs, minus any seller or lender credits. The earnest-money deposit you paid when your offer was accepted counts toward it, so the final wire is usually smaller than the total shown here.
Your lender must send a Loan Estimate within three business days of your application and a Closing Disclosure at least three business days before closing. Compare them line by line: lender charges and transfer taxes generally can't rise at all, and recording fees plus services chosen from the lender's list can't rise more than 10% in total. Other items, such as prepaid interest and insurance, can change.
A few are, if you itemize. Points paid to buy your main home are often deductible in the year you buy, and property tax and mortgage interest paid at closing count like any other year's. Most other charges — title insurance, appraisal, recording — aren't deductible; they're added to your home's cost basis, which lowers taxable gain when you eventually sell.
Get Loan Estimates from at least three lenders on the same day and compare Section A, the lender's own charges. Shop the services the Loan Estimate says you can shop for, especially title and settlement. Ask about your state's housing finance agency for down-payment and closing-cost help, and negotiate a seller credit when the market gives you leverage.
Freddie Mac's weekly survey put the average 30-year fixed rate at 7.40% for the week of October 8 — up 0.12 points from the week before and 1.10 points higher than a year earlier. The 15-year average was 6.73%. Your own rate depends on credit, down payment, points and loan type.
Closing Costs by Loan Type
The same Florida purchase run through each major loan program, using each program's usual minimum down payment (or yours, if higher, for conventional).
| Loan | Down payment | Closing costs | Upfront fee | Cash to close | Monthly | Best for |
|---|---|---|---|---|---|---|
| Conventional | 10% · $35,000 | $13,267 | — | $48,267 | $2,719 | Most buyers; 3% down minimum on many first-time programs |
| FHA | 3.5% · $12,250 | $13,885 | $5,911 (financed) | $26,135 | $2,941 | Lower credit scores; 3.5% down with a 580+ score |
| VA | 0% · $0 | $14,186 | $7,525 (financed) | $14,186 | $2,883 | Eligible veterans, service members and some spouses |
| USDA | 0% · $0 | $14,099 | $3,500 (financed) | $14,099 | $2,957 | Eligible rural and suburban areas, income limits apply |
Loans above the $832,750 baseline conforming limit are jumbo loans in most counties; high-cost areas allow more.
Closing Cost Taxes by State
Florida: Deed stamps $0.70 per $100 (Miami-Dade single-family $0.60); the buyer pays $0.35 per $100 on the note plus 0.2% intangible tax on the mortgage. Customarily paid by the seller. The average effective property-tax rate on owner-occupied homes is 0.71% of value, which this estimate uses for your escrow deposit unless you change it.
Compare all 50 states and DC
| State | Transfer tax | Usually paid by | Mortgage tax | Property tax | On $400,000 |
|---|---|---|---|---|---|
| Alabama | 0.1% | Seller | 0.15% of loan | 0.36% | $400 |
| Alaska | None | — | — | 1.07% | $0 |
| Arizona | None | — | — | 0.45% | $0 |
| Arkansas | 0.33% | Seller | — | 0.53% | $1,320 |
| California | 0.11% | Seller | — | 0.68% | $440 |
| Colorado | 0.01% | Buyer | — | 0.45% | $40 |
| Connecticut | 1% | Seller | — | 1.78% | $4,000 |
| Delaware | 4% | Split | — | 0.48% | $16,000 |
| District of Columbia | 1.45% | Seller | — | 0.57% | $5,800 |
| Florida | 0.7% | Seller | 0.55% of loan | 0.71% | $2,800 |
| Georgia | 0.1% | Seller | 0.3% of loan | 0.72% | $400 |
| Hawaii | 0.1% | Seller | — | 0.26% | $400 |
| Idaho | None | — | — | 0.47% | $0 |
| Illinois | 0.15% | Seller | — | 1.95% | $600 |
| Indiana | None | — | — | 0.71% | $0 |
| Iowa | 0.16% | Seller | — | 1.40% | $640 |
| Kansas | None | — | — | 1.26% | $0 |
| Kentucky | 0.1% | Seller | — | 0.74% | $400 |
| Louisiana | None | — | — | 0.51% | $0 |
| Maine | 0.44% | Split | — | 0.96% | $1,760 |
| Maryland | 0.5% | Split | — | 0.95% | $2,000 |
| Massachusetts | 0.456% | Seller | — | 1.04% | $1,824 |
| Michigan | 0.86% | Seller | — | 1.24% | $3,440 |
| Minnesota | 0.33% | Seller | 0.24% of loan | 0.98% | $1,320 |
| Mississippi | None | — | — | 0.70% | $0 |
| Missouri | None | — | — | 0.82% | $0 |
| Montana | None | — | — | 0.69% | $0 |
| Nebraska | 0.332% | Seller | — | 1.44% | $1,328 |
| Nevada | 0.51% | Seller | — | 0.44% | $2,040 |
| New Hampshire | 1.5% | Split | — | 1.61% | $6,000 |
| New Jersey | 0.7% | Seller | — | 2.08% | $2,800 |
| New Mexico | None | — | — | 0.67% | $0 |
| New York | 0.4% | Seller | 0.8% of loan | 1.54% | $1,600 |
| North Carolina | 0.2% | Seller | — | 0.63% | $800 |
| North Dakota | None | — | — | 0.97% | $0 |
| Ohio | 0.4% | Seller | — | 1.30% | $1,600 |
| Oklahoma | 0.15% | Seller | — | 0.76% | $600 |
| Oregon | None | — | — | 0.77% | $0 |
| Pennsylvania | 2% | Split | — | 1.26% | $8,000 |
| Rhode Island | 0.46% | Seller | — | 1.23% | $1,840 |
| South Carolina | 0.37% | Seller | — | 0.46% | $1,480 |
| South Dakota | 0.1% | Seller | — | 1.01% | $400 |
| Tennessee | 0.37% | Buyer | 0.115% of loan | 0.48% | $1,480 |
| Texas | None | — | — | 1.47% | $0 |
| Utah | None | — | — | 0.47% | $0 |
| Vermont | 1.25% | Buyer | — | 1.56% | $5,000 |
| Virginia | 0.1% | Seller | — | 0.72% | $400 |
| Washington | 1.28% | Seller | — | 0.76% | $5,120 |
| West Virginia | 0.33% | Seller | — | 0.55% | $1,320 |
| Wisconsin | 0.3% | Seller | — | 1.38% | $1,200 |
| Wyoming | None | — | — | 0.55% | $0 |
Rates are the typical state-level (and uniform county) charges. Cities and counties can add their own taxes, and several states use graduated rates on higher-priced homes, so confirm the figure on your Loan Estimate.
Mortgage Rates Over the Past Year
Freddie Mac's weekly survey put the average 30-year fixed rate at 7.40% for the week of October 8 — up 0.12 points from the week before and 1.10 points higher than a year earlier. The 15-year average was 6.73%. Your own rate depends on credit, down payment, points and loan type.
What to Do in Your Situation
Start with your state's housing finance agency: most run down-payment and closing-cost assistance, often as forgivable or deferred second loans. Conventional programs for first-time and moderate-income buyers allow 3% down, and gifts from family are allowed when documented with a gift letter. Put a seller credit in your offer if the home has been on the market a while.
VA loans need no down payment and no monthly mortgage insurance. Veterans who receive VA disability compensation don't pay the funding fee at all — choose "Exempt" above to see the difference. VA rules also limit which fees a lender may charge you, and the seller may pay all your normal closing costs on top of up to 4% in concessions.
A HECM for Purchase, the reverse mortgage version of a home loan, lets you buy with a large down payment and no required monthly principal and interest. Closing costs are higher than a regular loan: FHA charges 2% upfront mortgage insurance, and the origination fee can reach $6,000 (the greater of $2,500 or 2% of the first $200,000 plus 1% above). Independent HUD-approved counseling is required first — use it to compare against simply buying a smaller home outright.
Up to $250,000 of profit ($500,000 for a married couple) is tax-free if you owned and lived in the home for two of the last five years. Commissions, transfer tax and other selling costs reduce your taxable gain, so keep the settlement statement. Switch the calculator to "I'm selling" to see your likely net before you list.
Divide the refinance closing costs by your monthly savings to find the break-even point in months. If you might move or refinance again before then, a no-closing-cost offer — a slightly higher rate in exchange for a lender credit — usually costs less overall. Transfer taxes generally don't apply, but some states charge mortgage tax on new money borrowed.
Stop. Criminals hack real-estate email threads and send convincing fake wiring instructions days before closing. Call your title or escrow company using a phone number you found yourself — not one in the email — and confirm the account before you send a dollar. If you've already wired money, call your bank immediately to request a recall and file a report with the FBI.
Find Help Near You
This calculator estimates typical costs; your lender's Loan Estimate and Closing Disclosure are the official figures. Mortgage rates are Freddie Mac's weekly national averages. State transfer and mortgage taxes reflect typical state-level and uniform county charges; property-tax rates are state averages for owner-occupied homes. Fee ranges were last reviewed on October 14, 2026. Not financial, legal or tax advice. Independent and not affiliated with any lender, title company, Freddie Mac or government agency.
Key sources: Freddie Mac PMMS · CFPB · FHFA · HUD/FHA · VA · USDA · state revenue departments · Tax Foundation