Calculator

See the real cash you'll need at closing

Know exactly how much cash to bring to the closing table. Get a realistic line-by-line estimate of lender fees, title, escrow, and prepaid items — so you're not blindsided three days before closing.

Details

Home & loan details

Down payment10% • $40,000
Lender origination fee0.75% of loan
Lender fees
Charged by your lender for processing and approving the loan.
$4,265
Loan origination fee
0.75% of loan
$2,700
Appraisal fee
$550
Credit report
$65
Lender underwriting & processing
$950
Title & settlement
Protects you and the lender against title defects. Picked by you — shop around.
$4,300
Title insurance (lender)
$1,800
Title insurance (owner)
$1,600
Title search & settlement
$900
Inspections & surveys
Paid to independent parties to confirm property condition and boundaries.
$900
Home inspection
$475
Survey fee
$425
Prepaid / escrow
Set aside in escrow at closing: taxes and homeowners insurance you’ll owe anyway.
$2,133
Prepaid property tax (2 mo.)
$733
Prepaid homeowners insurance (12 mo.)
$1,400
Government fees & transfer taxes
Varies widely by state — this is where high-cost states add up.
$1,600
Recording & transfer taxes
Varies by state
$1,600
Cash to close

Estimated totals

Total closing costs
$13,198
About 3.30% of home price
Down payment
$40,000
Closing costs
$13,198
Cash to close
$53,198

Your actual closing costs may differ based on your lender, location, and home inspections. Estimates only based on national averages. Always confirm with a licensed lender.

What this means for your cash to close

On a $400,000 home in this state tier, expect about $13,198 in closing costs — roughly 3.30% of the price. Add your $40,000 down payment and plan for a total of $53,198 cash at the closing table.

Typical buyer closing costs run 2–5% of the purchase price. Below 2.5% is low, around 3% is typical for most US markets, and 4–5%+ is common in NY, NJ, and DC.

Low vs. typical vs. high-cost state

Same $400,000 home, 10.0% down — only the state tier changes.

Scenario
Low-cost
TX / FL / NC
Typical
National avg
High-cost
NY / NJ / CA
Total closing costs$12,798$13,198$13,758
% of home price3.20%3.30%3.44%
Cash to close$52,798$53,198$53,758

Recording and transfer taxes are the biggest swing factor between low and high-cost states.

Cash-to-close checklist

Every dollar you’ll need at the closing table.

  • Down payment: $40,000
    Wired to the title company 1–2 days before closing.
  • Lender fees: $4,265
    Origination, underwriting, appraisal, credit.
  • Title & settlement: $4,300
    Title insurance (both policies) plus settlement agent fee.
  • Inspections & surveys: $900
    Home inspection (typically paid before closing) + survey.
  • Prepaids & escrow: $2,133
    First year of homeowners insurance + 2 months of property tax.
  • Government fees & transfer taxes: $1,600
    Recording fees and transfer taxes — biggest state-to-state swing.
  • Total cash to close: $53,198
    Confirm the exact number on your Closing Disclosure 3 days before closing.

Common mistakes buyers make

Waiting until the Closing Disclosure to find out
The Closing Disclosure arrives just 3 business days before closing. Get a Loan Estimate from your lender much earlier — it’s the same line items but gives you time to shop and negotiate.
Picking the lender’s recommended title company
You’re allowed to choose your own title company. Shopping can save $500–$1,500. Title insurance is regulated by state, so rates are similar, but settlement and closing fees vary.
Forgetting to ask for seller concessions
In a balanced market, sellers often cover 1–3% of closing costs. It’s a negotiating tool most first-time buyers don’t know to ask for. Bring it up with your agent when making offers.
Overlooking prepaid items
Prepaid homeowners insurance (12 months) and property tax reserves (2–6 months) are costs you’d owe anyway — but they land on closing day. They’re the biggest chunk of closing costs many buyers miss.
Next step

Use the checklist to plan the rest of your buying process

Closing is one line on your path. See the full step-by-step guide for first-time buyers — from pre-approval through move-in day.

What’s included

Common buyer closing costs

Closing costs cover the many fees that make a home purchase official. Our estimate includes lender fees, title insurance, prepaid taxes and insurance, and recording / transfer taxes (which vary a lot by state).

Tips

Ways to reduce closing costs

  • Ask for seller concessions. In a balanced market, sellers often cover 1–3% of closing costs.
  • Shop lenders — origination fees and discount points vary widely.
  • Look at first-time buyer programs in your state; many offer closing cost assistance.
  • Negotiate title and settlement fees. You’re usually allowed to pick your own title company.

Average closing costs by state

Typical buyer closing costs as a percentage of purchase price. Includes lender fees, title, and transfer taxes where applicable.

StateTypical closing cost %On $350,000 home
Delaware5.0%$17,500
New York4.5%$15,750
Pennsylvania4.0%$14,000
Washington3.8%$13,300
Maryland3.6%$12,600
Connecticut3.4%$11,900
Florida3.3%$11,550
New Jersey3.2%$11,200
California2.8%$9,800
Massachusetts2.8%$9,800
Illinois2.5%$8,750
Virginia2.4%$8,400
Texas2.3%$8,050
Georgia2.2%$7,700
Arizona2.2%$7,700
North Carolina2.1%$7,350
Ohio2.0%$7,000
Colorado1.9%$6,650
Tennessee1.9%$6,650
Indiana1.8%$6,300
Missouri1.7%$5,950

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Popular by state

Closing costs vary a lot by state

Tap a state for local averages and tailored estimates.

Frequently asked questions