Estimate buyer and seller closing costs for Pennsylvania and New Jersey to avoid surprises at settlement.
Buyer
Seller
📋 All figures are estimates for planning purposes only. Actual closing costs depend on your lender, title company, property, and transaction specifics. Your lender is required to provide a Loan Estimate within 3 business days of application with your actual costs.
Buyer Details
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Adjustable Costs
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Buyer Cost Estimate
Total Cash Needed to Close
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Down payment + closing costs − EMD already paid
Cash to Close Breakdown
Down Payment—
Total Closing Costs—
EMD Credit (already paid)—
= Cash Due at Closing—
Lender Fees
Origination Fee (1%)—
Underwriting Fee$795
Credit Report$50
FHA Upfront MIP (1.75%)—
VA Funding Fee (~2.15% — varies)—
Title & Settlement
Title Search & Insurance—
Settlement / Closing Fee$600
Recording Fees$250
Government / Transfer
Transfer Tax (buyer share)—
Mansion Tax (NJ, if >$1M)—
Prepaid / Escrow
Homeowner's Insurance (1yr)—
Prepaid Interest (~15 days)—
Escrow Setup (2 months taxes)—
Third-Party / Other
Home Inspection—
Appraisal—
Moving Costs—
⚠️ These are estimates only. Your actual closing costs will vary based on your specific lender's fees, the title company or attorney used, property location, loan type, negotiated contract terms, and local municipality requirements. Lender fees alone can range from $0 to several thousand dollars depending on the institution. Always request a Loan Estimate (LE) from your lender within 3 business days of application — it is the most accurate breakdown of your actual costs. Prepaid interest assumes 15 days; your actual days will vary by closing date.
Have questions about what to expect at closing in Greater Philadelphia?
⚠️ These are estimates only. Your actual net proceeds depend on your final sale price, the commission structure negotiated with your agent, the title company or settlement attorney selected, your exact mortgage payoff balance (including any prepayment fees), local transfer tax rates, and any seller concessions agreed upon in the contract. Commission rates are fully negotiable. NJ transfer tax rates are tiered by price bracket. Always verify with your settlement agent for exact figures.
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