Insights & Advice From Bank Of Tennessee


Calculate Home Closing Costs

Closing on a home is the final step in the home purchase process. That last step, however, includes additional expenses, known as closing costs, that buyers and sellers may incur to complete the home purchase process. Home purchasers can understand what those closing costs will be by reading the Good Faith Estimate that lenders are required to provide as part of the loan application process. Closing costs usually cover fees related to the origination and underwriting of a loan, real estate commissions, insurance, property taxes, and transaction recording costs.

Please Note: Information and interactive calculators are made available only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regard 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.