Closing costs are fees that are associated at the time when you are completing or “closing” a real estate transaction. When the title of the property is transferred from the seller to the buyer, the transaction is “closed”. Closing costs may be the responsibility of either the buyer or seller – it may depend upon the type of real estate transaction and agreement of the parties. This tool is designed to help borrowers understand the types of closing costs involved in obtaining a mortgage.
Closing Cost Estimator
Disclaimer: Our closing cost calculator is only a tool to approximate the estimated closing costs in a real estate transaction. It is to be used at your own risk. We do not guarantee its accuracy and disclaim any and all liability. Always confirm the amount of your closing costs with a real estate attorney or licensed real estate broker before making any decision or regarding a mortgage or matter concerning a closing.
