Total Closing Costs
$10,713
Percentage of Price
2.68%
Cash to Close
$90,713
Loan Amount
$320,000
Who pays closing costs — the buyer or the seller?
Both buyers and sellers pay closing costs, but they pay different things. Buyers usually pay for the loan origination fee, appraisal, home inspection, title insurance, and escrow. Sellers typically pay the estate agent commission and transfer taxes. In some markets, you can negotiate for the seller to cover part of the buyer's costs too.
Can you negotiate closing costs?
Yes, many closing costs can be negotiated. You can shop around for title insurance and home inspection services. You can ask the lender to reduce or waive the origination fee, especially if you have good credit. You can also ask the seller to pay some of your closing costs as part of the purchase agreement. This is called a seller concession.
What is the typical range for closing costs?
Closing costs usually range from 2% to 5% of the home price. On a $400,000 home, that means you could pay between $8,000 and $20,000. The exact amount depends on your state, lender fees, and whether you are buying new build or an existing home. Some states have higher transfer taxes which push costs up. Always ask for a Loan Estimate from your lender so you know what to expect.
Note: This calculator gives estimates based on typical costs. Your actual closing costs will depend on your lender, location, and the details of your purchase. Always ask for a Loan Estimate from your lender for exact figures.
Disclaimer: This calculator provides estimates based on current IRS rates and thresholds for the 2025 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your filing status, state of residence, deductions, and individual circumstances. Always consult a qualified tax professional or CPA before making financial decisions. Read our terms
This calculator uses official rates and thresholds from:
- CFPB — Closing Disclosure Explainer
- IRS Publication 530 — Tax Information for Homeowners
- IRS Publication 17 — Your Federal Income Tax
Last verified: March 2026 · Tax year 2025. Results are indicative — consult a qualified accountant for personalised advice.
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