Closing Cost
Calculator

See every dollar you need at closing — not just the down payment. Itemized by category for Northern Utah buyers using conventional, FHA, VA, or USDA loans.

Your Purchase Details

The Home

Purchase price $450,000

Down payment 10% — $45,000

Loan Type

Loan Program

Location

County

Seller Concessions

Seller-paid closing costs $0

Amount seller agrees to credit toward your closing costs

Lender Origination Fee

Loan origination fee 0.8% — $2,880

Varies by lender — 0% (no-fee lenders) to 1%+ (with points). Shop this aggressively.

Prepaid Estimates

Annual homeowner's insurance $1,200/yr

Interest rate (for prepaid interest) 6.8%

Total Cash to Close

—

on a $450,000 home in Davis County

Down Payment

—

Closing Costs

—

Typical Range for This Purchase

Low estimate (1.5% of price)—

This estimate (mid)—

High estimate (3.5% of price)—

Want an exact Loan Estimate from a trusted Northern Utah lender?

Call Randall — (801) 430-4000

⚠️ Estimates only. Actual closing costs vary by lender, title company, and transaction. Your lender is required to provide an official Loan Estimate within 3 business days of application — that document has your real numbers.

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Why closing costs catch buyers off guard

The down payment is the number most buyers focus on. But closing costs — the fees paid at settlement to complete the transaction — typically add another 2–3.5% on top of that. On a $450,000 home with 10% down, that means arriving at closing with $45,000 for the down payment plus $9,000–$15,000 in closing costs — a total of $54,000–$60,000.

Nobody warns buyers about this clearly enough, which is why this tool exists. Every category is itemized below so you know exactly what you're paying for and who it goes to.

The four categories of closing costs

Lender fees cover the cost of originating your loan — processing, underwriting, and sometimes points. Origination fees typically run 0.5–1% of the loan amount. Getting quotes from multiple lenders on these fees alone can save thousands.

Title & escrow fees cover the title search, title insurance (protects you and the lender from ownership disputes), and the escrow company that manages the transaction. Utah uses escrow/title companies extensively. These fees are relatively fixed and don't vary much between lenders.

Government & recording fees cover the cost of recording the deed and mortgage with the county recorder. Utah transfer taxes are low compared to many states — about $0.30 per $100 of value.

Prepaid items are not fees per se — they're money you're paying in advance. Your lender requires you to prepay the first year of homeowner's insurance, 2–3 months of property taxes into escrow, and interest for the days between closing and the end of the month. These can add $3,000–$5,000 that catches buyers completely off guard.

How to reduce your closing costs

Negotiate seller concessions — in a balanced market, asking the seller to contribute $5,000–$10,000 toward your closing costs is common and accepted. The slider above shows how concessions reduce your out-of-pocket total.
Shop lender fees — origination fees and points vary significantly between lenders. Get at least two loan estimates and compare Section A (origination charges) line by line.
Close at end of month — closing later in the month reduces your prepaid interest (you only pay interest for the days between closing and month-end).
Ask about lender credits — taking a slightly higher interest rate in exchange for lender credits that offset closing costs can make sense if you plan to sell or refinance within a few years.

Frequently asked questions

Can closing costs be rolled into the loan?

Not on a conventional purchase loan — closing costs must be paid at closing, not added to the balance. However, some loan programs like VA and USDA allow certain fees to be financed. Lender credits (accepting a higher rate in exchange for cash toward closing) are another workaround, but you end up paying more in interest over time.

What's the difference between a Loan Estimate and a Closing Disclosure?

The Loan Estimate is given to you within 3 business days of applying and shows your expected costs. The Closing Disclosure arrives 3 days before closing with final numbers. By law, most fees can't increase by more than 10% between the Estimate and Disclosure. If there are major discrepancies, ask your lender to explain them.

Are VA loan closing costs lower?

VA loans eliminate PMI and don't require a down payment, but they do have a VA funding fee (1.25–3.3% of the loan depending on down payment and whether it's your first VA loan) that can be financed into the loan. Some closing costs are limited or prohibited by VA rules. Overall, VA loans are typically the most cost-effective option for eligible military members — especially near Hill AFB.

What's the FHA upfront mortgage insurance premium?

FHA charges an upfront MIP of 1.75% of the loan amount at closing (it can be financed into the loan) plus an annual MIP that runs for the life of the loan in most cases. This is one reason conventional loans with PMI are often preferable once your credit is above 680 — conventional PMI eventually goes away, FHA MIP often doesn't.