Closing Cost Calculator: How Much Are Closing Costs by State? (2026)

· Updated

Closing costs are the fees and expenses you pay when finalizing a home purchase, on top of your down payment. They typically run 2-5% of the loan amount for buyers and 6-10% of the sale price for sellers.

Table of Contents

Average Closing Costs by Home Price

For the buyer (excluding down payment):

Home Price Low Estimate (2%) Average (3.5%) High Estimate (5%)
$200,000 $4,000 $7,000 $10,000
$250,000 $5,000 $8,750 $12,500
$300,000 $6,000 $10,500 $15,000
$350,000 $7,000 $12,250 $17,500
$400,000 $8,000 $14,000 $20,000
$450,000 $9,000 $15,750 $22,500
$500,000 $10,000 $17,500 $25,000
$750,000 $15,000 $26,250 $37,500

Average Closing Costs by State

State Avg. Closing Costs (incl. taxes) As % of Home Price
New York $16,850 3.8%
Pennsylvania $14,400 4.0%
New Jersey $13,500 3.1%
Connecticut $12,800 3.5%
Washington DC $12,500 2.4%
Maryland $12,300 3.1%
Massachusetts $11,200 2.2%
California $10,800 1.5%
Florida $10,500 2.8%
Illinois $10,200 3.5%
Texas $9,800 2.9%
Virginia $9,500 2.2%
Washington $9,200 1.6%
Colorado $8,800 1.7%
Georgia $8,500 2.5%
Ohio $8,200 3.5%
North Carolina $7,800 2.3%
Michigan $7,500 3.1%
Arizona $7,200 1.8%
Tennessee $7,000 2.2%
Minnesota $6,800 2.1%
Indiana $5,500 2.3%
Missouri $5,200 2.4%
Iowa $4,800 2.5%

States with transfer taxes (NY, PA, NJ) tend to have the highest closing costs.

Buyer’s Closing Costs: Complete Breakdown

Lender Fees

Fee Typical Cost Negotiable?
Origination fee 0.5% – 1% of loan ($1,750 – $3,500 on $350K) Yes
Application fee $0 – $500 Yes
Underwriting fee $400 – $900 Yes
Credit report fee $25 – $75 No
Rate lock fee $0 – $500 Sometimes
Discount points (optional) 1% of loan per point Buyer’s choice

Third-Party Fees

Fee Typical Cost Negotiable?
Appraisal $350 – $600 No (but can shop for appraiser)
Home inspection $300 – $500 Shop around
Title search $200 – $400 Part of title package
Title insurance (lender’s policy) $500 – $1,500 Shop around
Title insurance (owner’s policy) $500 – $2,000 Shop around
Survey $300 – $600 Shop for surveyor
Pest inspection $75 – $150 Shop around
Attorney fees (required in some states) $500 – $1,500 Shop around

Government Fees

Fee Typical Cost Negotiable?
Recording fees $50 – $250 No (set by county)
Transfer taxes 0% – 2%+ of sale price No (set by state/local)
Flood certification $15 – $25 No

Prepaid Items

Item Typical Cost Negotiable?
Homeowner’s insurance (1 year) $1,200 – $3,000 Shop for insurance
Property tax escrow (2-6 months) $1,000 – $4,000 No (depends on taxes)
Prepaid interest (to end of month) $300 – $1,500 No (depends on closing date)
Mortgage insurance (if <20% down) $100 – $400/month No (but can avoid with 20% down)

Seller’s Closing Costs

Fee Typical Cost % of Sale Price
Real estate agent commissions $17,500 – $21,000 5% – 6%
Transfer taxes (seller’s share) $0 – $7,000 Varies by state
Title insurance (in some states) $500 – $2,000 —
Attorney fees $500 – $1,500 —
Outstanding liens/HOA fees Varies —
Repair credits/concessions $0 – $10,000+ Negotiated
Total seller costs $20,000 – $35,000 6% – 10%

Total Costs: Buyer vs Seller ($350,000 Home)

Cost Category Buyer Seller
Down payment (20%) $70,000 —
Closing costs $8,000 – $15,000 $21,000 – $35,000
Total cash needed $78,000 – $85,000 —
Net from sale — $315,000 – $329,000

How to Reduce Closing Costs

For Buyers

Strategy Potential Savings
Compare Loan Estimates from 3+ lenders $1,000 – $3,000
Negotiate seller concessions (ask seller to pay portion) Up to 3-6% of price
Shop for title insurance $300 – $1,000
Ask about lender credits (higher rate, lower closing costs) $1,000 – $5,000
Close at end of month (less prepaid interest) $200 – $800
Skip owner’s title insurance (risky but possible) $500 – $2,000
Look for first-time buyer programs Varies
Negotiate the origination fee $500 – $2,000

For Sellers

Strategy Potential Savings
Negotiate agent commission (especially in 2026 market) $3,500 – $7,000
Use a discount/flat-fee brokerage $5,000 – $15,000
Sell FSBO (for sale by owner) Full commission savings
Negotiate repair credits instead of actual repairs Save on costly repairs

Closing Costs With Different Down Payments

For a $350,000 home purchase:

Down Payment Loan Amount Est. Closing Costs PMI (monthly) Total Cash Needed
3% ($10,500) $339,500 $11,900 $180 $22,400
5% ($17,500) $332,500 $11,600 $165 $29,100
10% ($35,000) $315,000 $11,000 $130 $46,000
20% ($70,000) $280,000 $9,800 $0 $79,800

No-Closing-Cost Mortgage: Is It Worth It?

Feature Standard Mortgage No-Closing-Cost
Upfront costs $10,000 – $15,000 $0
Interest rate 6.5% 6.75% – 7.0% (higher)
Monthly payment ($280K) $1,770 $1,815 – $1,863
Extra cost over 30 years — $16,200 – $33,480
Best for Staying long-term Short-term (under 5 years)

A no-closing-cost mortgage costs more long-term but can make sense if you plan to refinance or sell within a few years.

Key Takeaways

  1. Buyer closing costs are typically 2-5% of the loan amount ($7K-$17.5K on a $350K home)
  2. Seller closing costs are 6-10% — mostly real estate commissions
  3. States with transfer taxes (NY, PA, NJ) have the highest closing costs
  4. Compare Loan Estimates from at least 3 lenders to find the best deal
  5. Seller concessions can cover 2-6% of your closing costs
  6. Shop for title insurance — it’s one of the largest and most variable fees
  7. Close at end of month to reduce prepaid interest charges
  8. No-closing-cost mortgages cost more long-term but help if you’re short on cash

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