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Closing cost calculator

Estimate your purchase and refinance closing costs in minutes.

Our Closing Cost Calculator breaks down lender fees, title charges, prepaid expenses, escrow deposits, and government recording fees to give you a realistic estimate of the cash you’ll need at closing.

Unlike most calculators that guess using a simple percentage, Andes Mortgage calculates individual closing cost categories to provide a more detailed estimate.

Closing Cost Snapshot

Home purchase closing cost calculator

Refinance calculator

Estimate your cash to close when buying

Email yourself the results

Easy to Use and understand

Get a clear understanding of your money outlays

Detailed cost breakdown

See every fee, tax, prepaid in your state

Free to use

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State specific calculations

Accurate estimates for AL, GA, FL, TX, SC

What are closing costs?

Buying a home involves more than just your down payment. Closing costs are the collection of lender fees, title charges, government recording fees, prepaid taxes, homeowners insurance, and escrow deposits that are due when you finalize your mortgage.

Some costs pay for services required to complete your loan, while others are prepaid expenses that help establish your escrow account.

Depending on your loan program and location, buyer closing costs typically range between 2% and 5% of the purchase price, although your actual costs may be lower or higher depending on taxes, insurance, lender credits, discount points, and seller concessions.

Origination costs

Fees charged by your lender to process and underwrite your loan.

Taxes & Government

Taxes and fees charged by your state or local government.

Title and attorney fees

Title search, title insurance, legal services and document recording.

Escrow and prepaids

Upfront payments for homeowners insurance, property taxes and escrows.

What's included in your estimate?

Whether you are buying or refinancing, our closing cost calculator provides a detailed estimate of the most common settlement costs. 

Loan Costs

  • Origination
  • Underwriting
  • Credit report
  • Appraisal

Title & Legal

  • Attorney charges
  • Title search
  • Title insurance
  • Recording fees

Escrows & Prepaids

  • Homeowners insurance
  • Property Taxes
  • Per diem interest
  • Flood Insurance

Government Charges

  • Document stamps
  • Transfer Tax
  • Tax Stamps
  • Recording fees

Closing Costs vs. Cash to Close

Understanding the difference can help you budget for closing day with confidence.

Down Payment

Your upfront contribution toward the purchase price.
+

Closing Costs

Lender, title, government, prepaid, and escrow expenses due at closing.
−

Seller Credits

A negotiated seller contribution that reduces your eligible closing expenses.
−

Earnest Money

The good-faith deposit you already paid toward the transaction.
=

Cash to Close

The final amount you are expected to bring to the closing table.

Example Breakdown

Down Payment
$35,000
Closing Costs
$10,842
Seller Credits
− $5,000
Earnest Money
− $1,000

Cash to Close

$39,842
Example only. Your actual cash to close will depend on your loan, property, credits, deposits, taxes, insurance, and final Loan Estimate.

Frequently Asked Questions

Answers to the most common questions homebuyers have about closing costs, cash to close, seller credits, escrows, and prepaid expenses.

Buyer closing costs commonly range from about 2% to 5% of the purchase price, but the actual amount depends on the loan program, property location, lender fees, title charges, prepaid taxes, homeowners insurance, and escrow deposits.
Buyer closing costs may include lender origination and underwriting fees, an appraisal, credit report charges, title services, attorney or settlement fees, recording charges, prepaid interest, homeowners insurance, property tax reserves, and other state- or county-specific costs.
Yes. Your down payment reduces the amount you borrow, while closing costs pay for the services, taxes, insurance, and prepaid expenses required to complete the transaction. Both can affect the total cash you need at closing.
Closing costs are the fees and prepaid expenses associated with the mortgage and purchase. Cash to close is the final amount you must bring after adding your down payment and closing costs, then subtracting items such as seller credits, lender credits, and earnest money already paid.
Yes, seller concessions may be used toward eligible buyer closing costs, subject to the limits of your loan program and the terms of the purchase contract. The allowed amount can vary based on loan type, occupancy, and down payment.
Yes. A lender credit can offset some or all eligible closing costs, usually in exchange for accepting a higher interest rate. Compare the upfront savings with the long-term interest cost before choosing this option.
On most purchase loans, closing costs cannot simply be added to the loan amount beyond the program’s maximum financing limits. Buyers often reduce upfront costs through seller concessions, lender credits, assistance programs, or negotiated pricing. Some financed costs may be permitted depending on the loan program.
Prepaid interest is the interest charged from your closing date through the end of that month. Because the amount depends on the day you close, closing later in the month generally results in fewer days of prepaid interest.
Escrow reserves are funds collected at closing to establish your mortgage escrow account. The servicer uses this account to pay future property taxes and homeowners insurance bills. The number of months collected can vary by closing date, tax schedule, and lender requirements.
Usually, yes. Buyers commonly pay the first year of homeowners insurance before or at closing, along with an initial insurance escrow deposit when the loan includes an escrow account.
A home inspection is typically paid before closing and may not appear on the final closing statement. It is still an important out-of-pocket homebuying expense, so it should be considered when planning your total budget.
Yes. Each loan program has different mortgage insurance, guarantee fee, funding fee, appraisal, and seller-concession rules. Your loan type can materially change both the estimated closing costs and the cash required at closing.
Closing costs vary because states and counties use different recording charges, mortgage taxes, documentary stamp taxes, intangible taxes, attorney-closing requirements, and title practices. The Andes Mortgage calculator applies state-specific assumptions for Alabama, Florida, Georgia, South Carolina, and Texas.
After you apply, your lender provides a Loan Estimate showing projected loan terms and closing costs. Before closing, you receive a Closing Disclosure with the final figures. Review both documents carefully and ask about any material changes.
The calculator is designed to provide a detailed educational estimate using your inputs and state-specific assumptions. Actual charges may vary by lender, title company, attorney, county, insurance provider, property taxes, closing date, and transaction details. It is not a Loan Estimate or a commitment to lend.

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