What will my closing costs be?
A quick ballpark from your loan amount, using the 2-5% industry average. Not ready to upload a Loan Estimate? Start here, then get the exact breakdown when you have the form.
What this can and can't tell you
The 2-5% range is a national rule of thumb. It is genuinely useful for a first budget, but it can't know your lender's origination charge, your state's transfer taxes, or which specific fees are padded. Two loans for the same amount can differ by thousands.
The only way to know your real number, and whether any line is too high, is your Loan Estimate — the standardized form your lender must give you within three business days of applying. Upload yours for a fee-by-fee breakdown benchmarked against thousands of real, federally-reported mortgages.
Common questions
How much are closing costs on a mortgage?
Closing costs typically run 2% to 5% of the loan amount, so on a $350,000 loan you would expect roughly $7,000 to $17,500. The range is wide because it bundles lender fees you can shop or negotiate (origination, title, appraisal) with fixed third-party and government charges (recording, transfer taxes) that vary by state and county.
What is included in closing costs?
Closing costs cover lender origination charges, services you can and cannot shop for (appraisal, title insurance, credit report), prepaid interest and escrow for taxes and insurance, and government recording and transfer fees. On a Loan Estimate these map to sections A through G. This estimator gives a total range only; upload your Loan Estimate to see each line itemized.
How can I lower my closing costs?
Some fees are negotiable or shoppable (lender origination, title, and settlement services); others are fixed (recording, transfer taxes). Ask your lender for a lender credit, compare title providers, and question any fee well above the typical range. Uploading your Loan Estimate flags exactly which fees look high and gives you word-for-word negotiation scripts.
Related: Am I paying too much in closing costs? · How much house can I afford? · Closing Cost Index