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Closing Costs Calculator

Estimate your closing costs

Use our closing cost calculator to estimate your total closing expenses for purchasing a home



Loan amount


No greater than $2.5 million


Loan options



When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

Our calculator is unable to display your results

To recalculate and see results try lowering your purchase price, increasing your down payment, or entering a different ZIP code. (Note: We offer a wide range of loan options beyond the scope of the calculator, which is designed to provide results for the most popular loan types.)

Our experienced lending specialists are ready to help you with your financing needs:

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  • Detailed information about this loan

      Loan details

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    • Escrow payment (taxes & insurance) layer
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    • Mortgage insurance payment
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    Loan assumptions and disclosures

Loan amount

The amount of debt, not including interest, being assumed by taking out a mortgage.

Interest rate

The cost of a loan to the borrower, expressed as a percentage of the loan amount and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Principal and interest payment

The principal is the amount of money being borrowed, also called the loan amount. The interest is the cost of borrowing the principal. Principal and interest account for the majority of your mortgage payment, which may also include escrow payments for property taxes, homeowners insurance, mortgage insurance and other costs.

Escrow payment (taxes & insurance)

Money collected from the borrower by the lender (typically as part of the monthly mortgage payment) in order to pay property taxes and homeowners insurance premiums.

Annual percentage rate (APR)

The cost of a loan to the borrower, expressed as a percentage of the loan amount and paid over a specific period of time. Unlike an interest rate, the APR factors in charges or fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) to reflect the total cost of the loan.

The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use it as a good basis for comparing loan costs.

Closing cost details

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Total estimated closing costs
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Amounts shown will differ from actual costs and may include seller-paid fees


Money paid to the lender, usually at mortgage closing, in order to lower the interest rate. One point equals one percent of the loan amount. For example, 2 points on a $100,000 mortgage equals $2,000. Sometimes referred to as discount points or mortgage points.

Estimated prepaid interest, taxes & insurance

An amount of money equal to (1) the interest that accrues on your loan from your closing date until the last day of the month, plus (2) any real estate taxes due at time of or after settlement date, plus (3) the initial premium of your homeowners insurance policy.

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