$
%
%
$
months
days
%
Percentage of home price the seller covers
$90,000 down + $17,494 closing costs
Where your closing costs go
Lender Fees
$4,920
Third-Party Fees
$4,250
Government Fees
$1,025
Prepaid Items
$7,299
Every fee explained
Loan Origination Fee (1%)
$3,600
Credit Report
$50
Flood Certification
$20
Underwriting Fee
$750
Processing Fee
$500
Appraisal
$550
Home Inspection
$400
Title Insurance
$1,800
Title Search
$300
Attorney Fee
$800
Survey
$400
Recording Fee
$125
Transfer Tax
$900
Prepaid Interest (15 days)
$999
Prepaid Property Tax (6 months)
$2,700
Prepaid Homeowners Insurance (1 year)
$1,800
Escrow - Insurance (3 months)
$450
Escrow - Taxes (3 months)
$1,350
What these numbers mean for you
Your estimated closing costs are $17,494 (3.9% of the home price). The national average is 2-5%.
You'll need $107,494 total cash at closing: $90,000 down payment + $17,494 closing costs.
Prepaid items (taxes, insurance, interest) make up 42% of your closing costs. These aren't fees — they're advance payments you'd owe anyway.
The origination fee ($3,600) is often negotiable. Some lenders offer no-origination-fee loans in exchange for a slightly higher rate.
To buy a $450,000 home with 20% down, you'll need approximately $107,494 in cash at closing. That's $90,000 for the down payment plus $17,494 in closing costs (3.9% of the home price).
Here are the exact formulas behind your numbers. No black boxes — just math.
Lender Fees
Third-Party Fees
Government Fees
Prepaids
Total Closing Costs
LoanKnow takes your numbers and helps lenders compete for your business — anonymously and for free. Your calculated data transfers seamlessly so you never re-enter information.
