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Closing Cost Calculator:
Estimate How Much You Might Pay

Our free closing costs calculator can help you estimate how much you’ll pay when you buy. Learn more about closing costs with Freedom Mortgage.

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How much are closing costs on a house?

Use our closing costs calculator to estimate how much you might pay in closing costs when you buy your new home. Change the numbers to personalize your results!

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Our closing cost calculator assumes you are buying a house with a 30-year conventional loan that has a 4.25% interest rate. This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the costs of buying a home, speak with a loan advisor at Freedom Mortgage.

Your estimated closing costs are
$7,231

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Buy a home with Freedom Mortgage today!

About Closing Costs

When you buy a home, you’ll probably pay closing costs. Closing costs can total between 2% and 5% of your loan amount and include things like lender fees, discount points, homeowners insurance, property taxes, and other fees. We will provide you with details about your closing costs and how much you will pay before you close your mortgage with us!

This free closing costs calculator can help you estimate how much money you might need to close your loan. Keep in mind that you may be able to add some of your closing costs to your loan amount. This can lower the amount of money you need to pay at closing but will increase your loan balance and the amount of interest you pay over the life of the loan. Check out these details about closing costs.

Since many of your closing costs are based on the amount of money you borrow, the size of your down payment can affect how much you’ll pay in closing costs. A larger down payment might decrease your closing costs and a smaller down payment might increase them.

Lender fees cover the cost to process, underwrite, approve, and fund your loan. Lender fees can also be called “loan origination fees.”

Sometimes to get a lower interest rate, you have to pay for points. One point is equal to 1% of the loan amount. For example, one point on a $200,000 mortgage costs $2,000 and one point on a $300,000 mortgage costs $3,000. Learn more about mortgage discount points.

Many times when you close on a mortgage, you will need to prepay some of the costs of your property taxes and homeowners insurance premiums. These are included in your closing costs as a result.

Your closing costs can include home appraisal fees, attorney fees, credit report fees, title search fees, recording fees, funding fees when you get a VA loan, and upfront mortgage insurance premiums when you get an FHA loan. Learn more about closing costs.

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