Closing Cost Estimator — See Every Fee Before You Close
Closing costs are one of the biggest surprises first-time buyers face. Most people budget for the down payment and forget that closing costs typically add another 2-5% of the purchase price on top of that.
Our free Closing Cost Estimator gives you an instant itemized breakdown of every fee you should expect — by state, by loan type, and by purchase price. No guessing. No surprises at the closing table.
First Commerce Financial charges zero junk fees. No underwriting fees. No processing fees. No administrative fees. No application fees. What you see is what you pay. Most lenders add $1,500–$2,500 in made-up fees on top of legitimate closing costs. We do not. Ever.
💰 Closing Cost Estimator
Enter your details for an instant itemized estimate — by state and loan type
Estimated Cash to Close
💚 Your Savings With First Commerce Financial vs. A Typical Lender
Most lenders charge underwriting, processing, administrative, and application fees totaling $1,500–$2,500. At First Commerce Financial those fees are $0. Plus our wholesale rates are typically $100+ lower per month than retail bank rates for the life of your loan.
This is an estimate only. Actual costs vary by transaction, lender, and negotiation. You will receive an official Loan Estimate within 3 business days of your full application.
Want your exact numbers? Get pre-approved today — same day, zero junk fees, wholesale rates.
Get My Exact Numbers — Free Pre-ApprovalClosing Costs by State — What to Expect
Closing costs vary significantly by state — primarily due to transfer taxes, title insurance requirements, and whether attorneys are required at closing.
Michigan
- Transfer tax: $3.75 per $500 state + county tax
- On a $350K home: approximately $3,500 in transfer taxes
- Title company closings — no attorney required
- Total closing costs typically 3-4% of purchase price
Florida
- Documentary stamp tax: $0.70 per $100 of purchase price
- On a $400K home: approximately $2,800 in doc stamps
- Higher homeowners insurance — budget carefully
- Total closing costs typically 2.5-4% of purchase price
Arizona
- No transfer tax — significant savings vs. MI and FL
- Title company closings standard
- Lower property tax rate (approximately 0.6% annually)
- Total closing costs typically 2-3% of purchase price
Texas
- No transfer tax — same advantage as Arizona
- Higher property tax rate (approximately 1.7% annually)
- Budget more for escrow setup due to high property taxes
- Total closing costs typically 2-3% of purchase price
How to Reduce Your Closing Costs
Negotiate seller concessions. Ask the seller to contribute toward your closing costs. In today's market this is common and reasonable — typically 2-3% of the purchase price.
Close at the end of the month. Prepaid interest covers the days between closing and month end. Closing on the 28th means 2 days of prepaid interest vs. 25 days if you close on the 5th — a difference of $500-$1,500 depending on your loan size.
Choose a lender with no junk fees. Work with us. Zero underwriting fees, zero processing fees, zero administrative fees, zero application fees. Most lenders charge $1,500-$2,500 in fees they invented. We charge none of them.
More Free Tools
💰Cash to Close Explained — Full Guide with Real Examples 📋Down Payment Tracker — Save for Your Home With a Plan 🧮Mortgage Calculator — Estimate Your Full Monthly Payment 🔧All Free Tools and CalculatorsWhat is a junk fee and why does First Commerce Financial not charge them?
Junk fees are charges lenders invent to increase their profit margin — underwriting fees, processing fees, administrative fees, application fees. They have nothing to do with the actual cost of originating your loan. At First Commerce Financial we are an independent mortgage broker — our compensation comes from the wholesale lender, not from fees stacked on top of your loan. Zero junk fees is not a promotion. It is how we operate.
Are closing costs the same as cash to close?
No. Closing costs are just one component of cash to close. Cash to close is the total amount you bring to the closing table — it includes your down payment plus closing costs plus prepaids like insurance and escrow setup. The calculator above shows both.
Can closing costs be rolled into my mortgage?
Sometimes. FHA, VA, and USDA funding fees are commonly financed into the loan. Some other costs can be covered through lender credits — where you accept a slightly higher rate in exchange for the lender crediting your closing costs. We will walk you through all the options for your specific situation.
Get Your Exact Closing Cost Breakdown
The calculator gives you a strong estimate. A pre-approval gives you exact numbers — itemized, in writing, no surprises. Zero junk fees. Wholesale rates. Same-day turnaround.
Get Pre-Approved — It Is Free
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