Closing Costs on a $400,000 Mortgage
On a $400,000 mortgage with 1% origination, typical closing costs total approximately $8,200.
How to use this tool
- Enter your loan amount (home price minus down payment).
- Enter the lender's origination fee percentage from your Loan Estimate.
- Enter any discount points you plan to buy.
- Add your title/escrow fees and other fixed costs.
- Read the total closing costs and the percent-of-loan figure.
Calculate total closing costs for a $400,000 home purchase loan with typical lender and title fees.
Frequently asked questions
- How much are closing costs on a house?
- Closing costs typically run 2%–5% of the loan amount. On a $300,000 loan that is roughly $6,000–$15,000, covering lender, title, and government fees. The exact total appears on your Loan Estimate and Closing Disclosure.
- Who pays closing costs, buyer or seller?
- Buyers usually pay most closing costs, but sellers can contribute through seller concessions negotiated in the contract. Some fees, like the real-estate commission, are customarily the seller's.
- Can closing costs be rolled into the loan?
- Sometimes. On a refinance or certain purchase programs you can finance some costs into the loan balance, but that raises your principal and total interest. A lender credit (higher rate for lower upfront cost) is another option.