Buyer Cash to Close Estimator
A clear estimate of the cash you'll actually need at closing. No surprises, no math you have to do yourself.
This is an estimate, not an exact figure. Final numbers depend on your loan terms, the title company, and your specific transaction.
About Your Purchase
The price you'll pay for the home.
Affects whether upfront mortgage insurance or funding fees apply.
FHA loans allow 3.5% minimum. Conventional loans typically start at 5%. VA loans can be 0%.
Is That Down Payment Number Bigger Than Expected?
Down payment assistance programs exist that can help cover part or all of your down payment. They're not just for first-time buyers, and they're not just for low-income buyers, there are programs with surprisingly broad eligibility. Worth checking before you assume the number on this calculator is the number you have to come up with.
This tool searches a national database of down payment assistance programs you may qualify for. There may also be other options not in this database, worth a conversation if you're not sure what's available to you.
Estimated Costs (editable)
Combined loan origination, credit report, and processing fees. Typical range: 0.5% to 1.5%.
Combined title settlement, recording, escrow, and notary fees. Typical range: $1,000 to $2,500 depending on the title company.
Combined appraisal, home inspection, and survey fees. Typical range: $1,200 to $2,200.
Lenders collect a few months of property taxes and insurance upfront, plus prepaid loan interest.
Transfer fee and any required capital contribution if your neighborhood has an HOA. Set to $0 if not.
This is the commission paid to your buyer's agent. We always negotiate to have the seller cover this in your offer, and most sellers still do, but it's now technically your responsibility per the recent NAR settlement, so it's important to know what it would be.
What This Calculator Doesn't Include
To keep this estimate honest, here are things this calculator doesn't include that could affect your final cash to close.
- Seller credits or closing cost contributions negotiated as part of your offer.
- Lender credits if your lender is offering a rate buydown or similar.
- Discount points if you're buying down your interest rate.
- Earnest money already paid (which counts toward your cash at closing).
- Moving costs or anything you pay outside of closing.
If any of these are factors, your actual cash needed could be different from what's shown here.