Closing Cost Calculator
Budget the true upfront cost of a mortgage.
Closing Cost Calculator
Total = Origination + Title/Escrow + Appraisal + Prepaids
Calculated instantly
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What This Calculator Does
The Closing Cost Calculator budgets every major fee you pay at the closing table, from loan origination and title insurance to appraisal, inspections, and prepaid taxes. Seeing the real cash needed avoids sticker shock on top of the down payment.
How It Works
Origination and title fees scale as a percentage of the loan, appraisal and inspection are flat, and prepaids cover escrow items like property tax and homeowners insurance. The tool sums them and adds the result to your down payment for a true cash-out total.
Example
On a R400,000 home with a R320,000 loan, a 1% origination fee, 0.5% title cost, R900 appraisal, and R3,500 in prepaids produce closing costs near R8,700 and total cash needed around R88,700.
Frequently Asked Questions
What is included in closing costs?
Loan origination, title search and insurance, appraisal, attorney or escrow fees, recording charges, and prepaid taxes and insurance are the common items.
Can the seller pay my closing costs?
Often yes, within limits set by the loan program. Ask your agent to negotiate a seller concession when you make the offer.
Are closing costs tax deductible?
Points paid on a mortgage are often deductible, but most other closing fees are not. Check current tax guidance for your situation.