Estimates the individual line items that make up real estate closing.
Formula
const feeTotal = Number(loanOriginationFee || 0) + Number(titleInsurance || 0) + Number(inspectionFee || 0) + Number(otherFees || 0); return { totalClosingCost: Math.round(feeTotal) };Purchase Price
450,000
Loan Origination Fee
4,500
Title Insurance
1,800
Inspection Fee
500
Other Fees
1,200
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With the default inputs, the estimated closing-cost line items total $8,000: $4,500 for loan origination, $1,800 for title insurance, $500 for inspection, and $1,200 for other fees. On a $450,000 purchase price, that equals about 1.8% of the property price. Actual closing statements can include additional lender, escrow, recording, transfer, prepaid tax, insurance, and local charges.
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The estimate combines Purchase Price, Loan Origination Fee, Title Insurance and returns Total Closing Cost.
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