Closing Cost Calculator
Estimate the extra cash you may need to finalize a home purchase in Canada or the United States—separate from your down payment.
Quick answer
Closing costs are not one universal fee. For early planning, Canadian buyers can use roughly 1.5%–4% of purchase price as a broad CMHC range, while U.S. buyers can use roughly 2%–5% based on CFPB guidance. Refine the estimate with actual lender, lawyer/notary, title, tax and local fee quotes before closing.
Estimate costs due around closing
Start with a percentage estimate, then add transaction-specific items and subtract any credits you expect.
What can be included?
Closing costs vs. cash to close
Closing costs cover transaction and financing expenses. Your total cash requirement can be larger because it may also include the down payment and transaction adjustments, less deposits or eligible credits already applied.
Costs to check before you buy
Depending on where and how you buy, review legal or title services, transfer or recording fees, appraisal and inspection charges, prepaid taxes or insurance, lender charges and property-specific adjustments. Some costs do not apply to every purchase.
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Closing cost FAQ
How much are closing costs?
As a broad planning range, CMHC says Canadian closing costs are typically about 1.5% to 4% of the purchase price, while the U.S. CFPB says closing costs are typically about 2% to 5% excluding the down payment. Actual costs vary by transaction and location.
Are closing costs separate from the down payment?
Yes. Closing costs are generally additional upfront transaction costs. The calculator shows closing costs separately and also combines them with an entered down-payment percentage for a broader cash target.
What can closing costs include?
Depending on the transaction, costs can include legal or settlement services, title services, appraisal or inspection costs, transfer or recording charges, taxes, insurance prepaids and other adjustments.
Are seller or lender credits free money?
Credits can reduce cash due at closing, but their economics vary. For example, a lender credit can be associated with a higher interest rate, so compare the full loan terms rather than only the upfront amount.
AffordBase provides planning estimates, not lender quotes or legal, tax, mortgage or financial advice. Actual closing charges depend on your location, property, lender and purchase agreement.