Enter the total purchase price ($) and the closing cost fee percentage (%) into the Closing Cost calculator. The calculator will evaluate and display the Closing Cost. 

Closing Cost Formula

The following formula is used to calculate the Closing Cost. 

CC = PP * CCF / 100
  • Where CC is the Closing Cost ($)
  • PP is the total purchase price ($) 
  • CCF is the closing cost fee percentage (%) 

How to Calculate Closing Cost?

The following example problems outline how to calculate Closing Cost.

Example Problem #1:

  1. First, determine the total purchase price ($). The total purchase price ($) is given as 500,000.
  2. Next, determine the closing cost fee percentage (%). The closing cost fee percentage (%) is provided as 5.
  3. Finally, calculate the Closing Cost using the equation above: 

CC = PP * CCF / 100

The values given above are inserted into the equation below:

CC = 500,000 * 5 / 100 = 25,000 ($)

Example Problem #2: 

The variables needed for this problem are provided below:

total purchase price ($) = 600,000

closing cost fee percentage (%) = 3

Entering these values and solving gives:

CC = 600,000 * 3 / 100 = 18,000 ($)