Closing Cost Calculator

On the US median home of $185,350 with 20% down, buyer closing costs run $3,341 – $6,157, before any transfer tax. Your state adds its own transfer tax and, in attorney-closing states, an attorney fee. Pick your state and county above for your figures.

It depends on the state. In 11 states the buyer pays some or all of it; in most others the seller pays by custom. Alaska, Arizona, Idaho, Indiana, Kansas, Mississippi, Missouri, Montana, New Mexico, North Dakota, Texas, Utah and Wyoming have no real estate transfer tax. The table below lists each state's buyer and seller rates.

A real estate attorney typically handles the closing in Alabama, Connecticut, Delaware, District of Columbia, Florida, Georgia, Kansas, Kentucky, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Dakota, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and West Virginia. In those states the calculator includes an attorney fee in the closing cost range.

Alabama, Florida, Georgia, Minnesota and Tennessee charge the buyer a tax on the loan amount, separate from any transfer tax: Alabama 0.15%, Florida 0.55%, Georgia 0.3%, Minnesota 0.23%, Tennessee 0.115%. The calculator includes it in closing costs and cash needed at closing.

For the US median home of $185,350 with 20% down, plan for $40,411 – $43,227: the $37,070 down payment plus closing costs, before any transfer tax.