AbraCalc

Closing Costs on $300,000 Home with Low Origination Fee

With a lower 0.5% origination fee, closing costs on a $300,000 home with a $240,000 loan come in notably lower than average.

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How to use this tool

  1. Enter purchase price, loan amount, loan origination fee, title insurance, prepaid escrow months, monthly escrow (taxes + insurance) and other fees (appraisal, inspection, etc.) in the fields above.
  2. Results update instantly as you type — or click Calculate.
  3. Read your total estimated closing costs and the full breakdown beneath it.

See how a lower origination fee affects total closing costs on a $300,000 home purchase with a $240,000 mortgage loan.

Frequently asked questions

What is included in closing costs?
Typical buyer closing costs include loan origination fee, appraisal, home inspection, title search and insurance, attorney fees, recording fees, prepaid homeowner's insurance, and property tax escrow deposits.
Can closing costs be rolled into the loan?
Sometimes. Some lenders offer 'no-closing-cost' loans with a slightly higher rate. You can also ask the seller to cover some costs (seller concessions), though this reduces your offer competitiveness.