Closing-Cost Estimator (CFPB Line Items)
Low, mid, and high closing-cost totals across the CFPB Closing Disclosure line items.
Example
You enter
- Purchase price ($) 400000
- Loan amount ($) 320000
- State/local transfer tax rate (percent of price) 0.4
- Note rate (percent; for prepaid interest) 6.5
You get
- Total low 6158.9
- Estimated closing costs (mid) $11124.8
- Total high 19759.7
- Mid as % of purchase price 2.78 %
Checked against published worked examples from: CFPB Closing Disclosure (12 CFR Part 1026 Subpart C).
Details, formula, and sources
ScopeEstimated low / mid / high totals over the CFPB Closing Disclosure line items (origination, appraisal, title, recording, transfer tax, prepaids, escrow). The Loan Estimate from the lender is the value of record.
Formula or tableSum over the CFPB Closing Disclosure line items: origination + appraisal + credit + title (search + lender's + owner's) + recording + transfer tax + prepaid interest + initial escrow + survey. Each item is either a percent of loan / price or a flat dollar range; transfer tax uses a user-supplied state rate; prepaid interest = (loan * note_rate / 365) * 15 days.
Source and editionCFPB Loan Estimate (Form H-24) and Closing Disclosure (Form H-25) under 12 CFR Part 1026 Subpart C (TILA-RESPA Integrated Disclosure rule). Section labels A / B / C / E / F / G / H per the CFPB published forms.
Free accessFree at consumerfinance.gov/owning-a-home. Forms H-24 / H-25 published in 12 CFR Part 1026 Appendix H.
What governsEstimate. Lender governs final underwriting and rate / fee disclosure. Appraiser governs the appraised value. State law and the agency's program guidelines may impose stricter limits than the published thresholds.
API field namespurchase_price, loan_amount, transfer_tax_rate_pct, note_rate_pct, total_low, total_mid, total_high, total_pct_of_price_mid
- 15-day prepaid interest default mid-month closing assumption; actual closings may run 0 to 30 dayscommon-practice
- Two-month escrow cushion RESPA permits up to 2 months as an initial deposit (12 CFR §1024.17(c)(1))12 CFR Part 1024
- Owner's title policy optional in some states the seller pays; in others the buyer is offered the option to skipstate-by-state convention