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Mortgage Closing Costs Calculator

About how much will my Mortgage Closing Costs be?

Your actual rate, payment, and costs could be higher.
Get an official Loan Estimate before choosing a loan.

Use this calculator to estimate your closing costs on a fixed-rate mortgage to purchase a new home. Actual costs may vary based on term, down payment, and credit score. These estimates are based on properties purchased within Monroe County. Contact our Mortgage Originators at 585.336.1502 to get closing cost estimates on properties located outside of Monroe County and mortgage refinances.


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Possible Additional Charges

  • Prepaid Interest (calculated from the day of closing to the end of month). Also called "Per Diem" Interest.
    • Formula is Loan Amount times Interest Rate divided by 360 days times number of days from closing date to end of month.
  • Discount Points (if applicable - to lower the interest rate). Each "Point" is equal to 1% of the mortgage amount which is used to lower the interest rate.
  • Property Taxes: Based on true taxes as levied for County, Town, Village, City, School.
    • If Escrowed (Lender pays taxes when due) – Plan on at least 12 months worth of taxes to be divided between the ESL Tax Escrow account and what is owed back to the seller.
    • If Not Escrowed (you pay your own taxes when due) – Plan on an amount to payback the Seller for prepaid taxes.
  • Down Payment – The cash portion of the property's purchase price, usually paid from the Buyer's own funds or gifted to the Buyer in some cases.
  • Property Tax Status Research Fee – Additional charge for loan amounts of $500,000 or higher.
  • Mortgage Insurance – Required on loans over 80% LTV to protect the Lender in the event of default of the borrower.
  • Buyer's Attorney Fees – As charged by your Attorney for services rendered.
  • Other charges or fees as required by the transaction. Other expenses as agreed upon between the Buyer and Seller.