Closing Cost Calculator
Estimate your closing costs for buying or selling a home in Fort Wayne and Northeast Indiana.
Buyer Closing Costs
Estimate costs for your home purchase
Optional Services
3.4% of purchase price
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Buyer Closing Cost Details
| Item | Amount |
|---|---|
Loan Origination Fee 1.0% of loan amount | $2,800 |
Appraisal Fee Required by lender to assess property value | $500 |
Credit Report Fee Cost to pull credit reports | $40 |
Underwriting Fee Lender fee for processing the loan | $750 |
Lender's Title Insurance Protects lender's interest in the property | $1,120 |
Owner's Title Insurance Protects your ownership rights | $1,750 |
Title Search & Examination Research to verify clear title | $300 |
Settlement/Closing Fee Title company closing service fee | $450 |
Recording Fees County fee to record deed and mortgage | $100 |
Home Inspection(optional) Professional property inspection | $400 |
Prepaid Property Taxes ~3 months of property taxes | $963 |
Prepaid Homeowner's Insurance First year premium paid upfront | $1,225 |
Prepaid Interest Daily interest from closing to first payment | $748 |
Escrow Reserves 2 months of taxes & insurance held in escrow | $846 |
| Total Closing Costs | $11,992 |
Who Pays What in Indiana?
Closing cost responsibilities can vary by region and are often negotiable. Here's the typical breakdown in Indiana.
Buyer Typically Pays
- Loan origination and processing fees
- Appraisal and credit report fees
- Lender's title insurance policy
- Home inspection and survey
- Prepaid taxes, insurance, and interest
- Escrow reserves
- Recording fees for mortgage
Seller Typically Pays
- Real estate agent commissions
- Owner's title insurance policy (Indiana custom)
- Sales disclosure form filing fee
- Attorney fees
- Prorated property taxes
- HOA transfer/disclosure fees
- Any negotiated repair credits
Everything is Negotiable
While these are typical customs in Indiana, closing costs are negotiable in any real estate transaction. Buyers can ask sellers for closing cost concessions, and sellers can negotiate commission rates. Your agent can help you understand what's reasonable in the current market.
Ways to Reduce Closing Costs
Negotiate Seller Concessions
Ask the seller to contribute toward your closing costs. In a buyer's market, sellers are often willing to pay 2-3% of the purchase price to help close the deal.
Shop Around for Services
Compare quotes from multiple lenders, title companies, and insurance providers. Even small differences in fees can add up to significant savings.
Ask About Lender Credits
Some lenders offer credits toward closing costs in exchange for a slightly higher interest rate. This can reduce your upfront costs if you're short on cash.
Close at End of Month
Closing near the end of the month reduces the prepaid interest you'll owe, since you only pay interest for the days remaining until month-end.
Check for Assistance Programs
First-time buyers may qualify for Indiana Housing (IHCDA) programs that offer down payment and closing cost assistance. Ask your lender about available programs.
Review the Loan Estimate
Carefully review your Loan Estimate and Closing Disclosure. Question any fees that seem too high and compare with your original estimates.
Closing Cost FAQ
Disclaimer: This calculator provides estimates for informational purposes only. Actual closing costs vary based on the specific property, lender, title company, and negotiated terms of your transaction. For accurate closing cost estimates, request a Loan Estimate from your lender and a preliminary settlement statement from your title company.
Data assumptions last verified: July 24, 2026.
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