Closing Cost Calculator

Before you do any calculations, we suggest that you seek out your mortage lender. All lenders are required to give as many "Good Faith Estimates" as necessary demanded by the borrower, and most industry professionals suggest at least three Estimates. This will give you a significantly better idea of where you stand financially once the real estate contract closes. In addition, before the closing date, the client can always ask to look at the HUD-1 Settlement Statement to make sure they are not overcharged. We recommend you match the data with the types of closing costs on our Closing Cost Categories page to make sure that you aren't charged for fees that you aren't responsible for.

For the most accurante closing cost calculator, we suggest you use the FreddieMac mortgage insurance calculator.

A word of advice: almost all closing cost calculators online should be taken as guidelines as to how to estimate your total closing costs, and therefore always with a grain of salt. You are the one who best knows your own needs. The figures calculated should only be used to corroborate with the total amount given by your real estate professional, to make sure you are not overcharged.