A Closing Cost Estimator is a financial tool that helps homebuyers and sellers estimate the total costs they’ll need to pay at the closing of a real estate transaction—on top of the property’s purchase price.

What It Calculates:

For Buyers, it typically includes:
Lender fees (loan origination, underwriting)

Appraisal and inspection fees

Title insurance

Escrow fees

Recording fees

Prepaid taxes and insurance (escrow setup)

Points or credits

For Sellers, it may include:

Agent commissions

Escrow and title fees

Transfer taxes

Outstanding liens/payoffs

Repairs or agreed credits to buyer

Inputs You Provide:

Purchase price

Down payment

Location (state/county/city)

Loan amount and type

Closing date

Whether you’re the buyer or seller

Why It's Useful:
Gives a clearer picture of total funds needed to close

Helps avoid surprises and budget accurately

Allows comparison of loan offers and closing services

Essential for buyers trying to determine if they can afford a home