REAL ESTATE CLOSING COST CALCULATOR

When purchasing a home, it’s important to know exactly how much money needs to be brought to the table, the down payment isn’t the only thing you need to have. Closing costs include the myriad fees for the services and expenses required to finalize a mortgage, i.e. Application fee, appraisal, closing fee, credit reporting fee, escrow funds, etc.

Closing costs can make up about 3% – 6% of the price of the home and this cost does not include your down payment. Both the buyer and seller are responsible for paying closing costs, however, the buyer usually ends up paying a larger portion of them.