Are FHA closing costs higher than conventional?

Usually slightly. FHA loans carry an upfront mortgage insurance premium (UFMIP) — around 1.75% of the loan amount — which is most often rolled in but still hits your bottom line.

Can the seller pay my closing costs?

Often yes, up to a lender cap that varies by loan type (roughly 6% conventional, 4% VA, plus product-specific rules). This tool clips the credit to the cap.

Are prepaids the same as closing costs?

Lenders bundle them on the Closing Disclosure, but conceptually they're separate: prepaids fund your escrow for taxes and insurance. We include a 0.4–0.8% band by default.

Closing Cost Calculator

Rule-based estimate of buyer closing costs. Adjusts for loan type, points buy-down, seller credits, and prepaid escrow. Not a Loan Estimate — use it for planning.

FAQ

Common questions

Typically 2–5% of the home price for financed deals, and 0.5–1.5% for cash. Loan type, points, and seller concessions all shift the final number.

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Closing Cost Calculator

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