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.

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## 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:

- First, determine the total purchase price ($). The total purchase price ($) is given as 500,000.
- Next, determine the closing cost fee percentage (%). The closing cost fee percentage (%) is provided as 5.
- 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 ($)