📋 Closing Cost Estimator
Enter your home purchase price to see a typical closing cost range (commonly 2-5% of the purchase price) and a general itemized breakdown reference.
Where the 2-5% range comes from
The headline figure is a straight percentage of the purchase price, because most closing charges scale with the loan and the price rather than the house:
low = price × 0.02
high = price × 0.05
itemised total = price × 3.0% (the seven rows below add to 3.0%)On a $350,000 purchase that is $7,000 to $17,500, with the itemised table landing at $10,500: $3,500 origination, $1,750 title insurance and search, $2,450 prepaid taxes and insurance, and $2,800 across recording, escrow, appraisal and inspection.
What the percentages hide
- Transfer tax is the wild card. The 0.3% recording line is a national average. Pennsylvania and Delaware routinely charge over 2% of the price in transfer tax; several states charge nothing.
- Origination is negotiable. Many lenders quote 0.5% or zero and recover it in the rate.
- Prepaids are not a fee. The 0.7% escrow line is your own insurance and property tax paid early.
Frequently asked questions
How much are closing costs on a $350,000 house?
Budget $7,000 to $17,500, or 2-5% of the price. The itemised breakdown here works out to about $10,500, which is a fair midpoint for a conventional loan in an average-tax county.
Can closing costs be rolled into the mortgage?
Sometimes. Refinances usually allow it; purchases usually do not, because the loan is capped against the appraised value. The common alternative is a seller concession or a lender credit that raises your interest rate.
Do cash buyers pay closing costs?
Yes, but far less. Dropping origination, appraisal and lender prepaids removes 1.8% of the 3.0% itemised here, leaving title, recording, attorney and inspection at about 1.2%.