Closing Cost Calculator

The fees payable to complete a property purchase: lender fees, transfer tax or stamp duty, legal and conveyancing, survey, and prepaid insurance. They sit on top of the deposit rather than inside it.

It varies enormously by jurisdiction, driven mainly by transfer tax, which ranges from nothing to a substantial percentage of the price. Two to five percent is a common range, and some regions sit well outside it.

A tax on the purchase, usually banded so that different slices of the price attract different rates. Many jurisdictions apply different rates for first-time buyers, additional properties and non-residents.

Some lenders allow certain fees to be added to the loan, which preserves cash and costs interest over the term. Transfer tax generally cannot be, and must be paid in cash at completion.

The deposit plus all the fees — the total you must have available on completion day. It is the number that surprises first-time buyers, because the deposit alone is what gets discussed.

Legal and survey fees are competitive and worth quoting around. Lender fees vary between products and sometimes trade off against the rate. Transfer tax is fixed by statute and is not negotiable at all.

Legal and survey fees are competitive and worth quoting around. Lender fees vary between products and sometimes trade against the rate. Transfer tax is statutory and fixed.

A lender fee for setting up the loan, sometimes payable up front and sometimes addable to the balance. Adding it costs interest over the whole term, so a fee-free product at a slightly higher rate is often cheaper overall on a small loan.

In many jurisdictions yes, through a relief or a raised threshold. The conditions are specific — a previous inherited share can disqualify someone who has never bought — so check the definition rather than assuming.

A basic valuation protects the lender rather than you. A fuller building survey costs more and is what identifies the problems that become negotiating points or reasons to walk away. On an older property it usually pays for itself.

Most at completion, though survey and some legal fees are paid earlier and are not refundable if the purchase falls through. Budgeting for a failed purchase is unpleasant and realistic.

Cover against defects in the legal ownership of the property. It is standard in some countries and rare in others, where the conveyancing process and land registry guarantees serve the same purpose.