Closing Cost
Calculator.

1. Buyer costs: 2% to 5% of the loan.

The "Buyer costs" tab shows every fee the buyer typically brings to the closing table. Most are loan-related: origination fee, appraisal, credit report, title insurance for the lender, and prepaid items like interest and homeowners insurance. These costs are real cash due at closing on top of your down payment.

The rule of thumb is 2% to 5% of the loan amount. On a $320,000 loan, that's $6,400 to $16,000. FHA loans and VA loans add their own upfront fees that can push this higher.

2. Seller costs: mostly commission.

In a traditional transaction, the biggest line item by far is agent commission — typically 5% to 6% of the sale price. On a $400,000 home, that's $20,000 to $24,000 gone before transfer taxes, title insurance, and attorney fees are counted.

Use the listing commission slider on the left to see how your total seller costs change — or set it to 0% and see the difference with Beycome's $99 flat fee. Learn more about what a flat-fee MLS listing is and how it can dramatically cut your seller closing costs.

3. State transfer taxes vary — a lot.

Transfer taxes are a state (and sometimes county) tax on the transfer of real property. Per IRS Publication 523, real estate transfer taxes paid by the seller are a selling expense that reduces your taxable gain. Texas charges nothing. Delaware charges 1.5%. Vermont charges 1.45%. Washington state charges 1.28% — before county add-ons. The CFPB Loan Estimate guide explains how transfer taxes appear on your official closing disclosure.

This calculator uses statewide base rates sourced from state revenue department schedules. Your actual transfer tax may be higher if your county or city has its own surcharge. Always verify the exact rate with your title company before closing.

4. Prepaid items are not fees — but they're still cash.

Prepaid items fund your escrow account. They include prepaid interest (closing date to first payment), homeowners insurance (usually a full year upfront), and property taxes (typically 2–3 months into escrow). Real cash you need at closing, even if it becomes your escrow cushion.

5. The "With Beycome" tab shows your real savings.

Switch to "With Beycome" to see exactly how much you save as a seller by replacing the listing agent commission with Beycome's $99 flat-fee MLS listing. On a $400,000 sale, replacing a 3% listing commission ($12,000) with a $99 flat fee saves $11,901 — directly in your net proceeds. Use our home profit calculator to see how those savings affect your final take-home amount.

Every mortgage comes with a cost to originate.

Lenders charge an origination fee — typically 0.5% to 1% of the loan amount — plus an appraisal ($400–$600), credit report ($30–$50), and flood certification. These add up to $2,000 to $4,000 before title insurance and prepaid items. See how your full loan cost plays out over time with our amortization calculator.

Title insurance protects both sides.

Lender's title insurance protects the bank's interest if a title defect is discovered after closing — required for nearly every financed purchase. Owner's title insurance protects the buyer and is strongly recommended. Together, the two policies typically cost 0.5% to 1% of the purchase price.

The closing cost formula.

On a $400,000 sale with a 6% traditional commission, sellers pay $24,000 in listing fees. With Beycome's $99 flat fee, that drops to $99 — a saving of $23,901 on the listing side alone, before buyer agent commission is even counted. See how to sell your home without an agent for the full picture.

FHA and VA loans add upfront fees.

FHA loans require an upfront mortgage insurance premium (MIP) of 1.75% of the loan amount — on a $320,000 loan, that's $5,600 due at closing (or rolled into the loan). VA loans require a funding fee of 1.25% to 3.3% depending on down payment and first use. USDA loans charge a 1% upfront guarantee fee. Use our down payment calculator to plan how much cash you need at closing.