Closing Cost Estimator

Frequently Asked Questions

Are closing costs negotiable?

Some are, some aren't. Lender fees, escrow fees, and inspection costs can sometimes be negotiated. Title insurance, transfer taxes, and recording fees are essentially fixed. The biggest negotiable item is the real estate commission split between buyer's and seller's agents (typically 5-6% total).

Why is the FHA closing cost higher?

FHA loans require an upfront Mortgage Insurance Premium (MIP) of 1.75% of the loan amount, paid at closing (or rolled into the loan). VA loans have a similar funding fee (2.15% first use; waived for disabled veterans). Conventional loans have no equivalent upfront fee.

Do sellers always pay both agents' commissions?

Traditionally yes — the listing commission (typically 5-6%) is paid by the seller and split between listing and buyer's agents. Recent industry changes (post-NAR settlement) allow more flexibility. Discuss with your agent before listing.