Real Estate
Closing Cost Calculator
Estimate loan amount from property price and financing percentage, calculate loan-related costs from the loan, calculate title and transfer costs from price, add entered prepaids, and combine those amounts with the down payment to estimate cash required at closing.
Estimated loan amount-
Loan-related costs-
Title, transfer and prepaids-
Estimated cash to close-
Exact scenario comparison
Loan-related costs (%) scenarios
Exact scenario comparisonLoan-related costs (%) changes while all other entered assumptions remain constant.
| Loan-related costs (%) | Estimated loan amount | Loan-related costs | Title, transfer and prepaids | Estimated cash to close |
|---|
How to use Closing Cost Calculator
- Enter purchase price and the financed percentage to separate estimated loan proceeds from the down payment.
- Apply loan-related and title or transfer percentages, then add prepaid tax and insurance amounts expected at settlement.
- Compare estimated cash to close with the lender and settlement disclosures, including deposits, credits, prorations, reserves, and local fees.
Calculator guide
Understanding Closing Cost Calculator
Cash to close combines the down payment with financing charges, title and transfer costs, and prepaid items. Because each layer is calculated from a different base, separating them prevents a loan-based fee from being incorrectly applied to the full property price.
Worked situations
Practical examples
- An 80% loan on a $450,000 property produces a $360,000 estimated loan and a $90,000 down payment.
- Apply a 2% financing-cost estimate to the loan amount, not automatically to the full purchase price.
- Enter prepaid tax and insurance reserves as a dollar amount based on the latest lender estimate.
Better inputs
Useful tips
- Replace percentage assumptions with the lender's and settlement agent's itemized estimates as soon as they are available.
- Track seller credits, lender credits, earnest money already paid, and deposits separately because they change final cash due.
- Keep recurring monthly housing costs separate from one-time closing cash.
Before relying on the result
Limitations and common mistakes
- The page uses blended percentages and one prepaid amount rather than an itemized jurisdiction-specific closing statement.
- Earnest money, credits, prorations, points, appraisal, legal fees, inspections, recording, reserves, mortgage insurance, and financed costs may be omitted unless reflected in the inputs.
- The result is not a lender disclosure, settlement statement, legal opinion, or guaranteed amount due.
Reference
Key terms
- Loan-to-price percentage
- Share of property price assumed to be financed.
- Loan-related costs
- Entered percentage of estimated loan amount.
- Title and transfer costs
- Entered percentage of property price for non-loan closing charges.
- Cash to close
- Down payment plus estimated loan costs, title and transfer costs, and prepaids before credits or prior deposits.
Important note
Closing costs are the transaction charges and prepaid amounts due in addition to the property's purchase price and down payment.
Frequently asked questions
Does cash to close include earnest money already paid?
No. Subtract credited earnest money or deposits from the modeled total when reconciling to a settlement estimate.
Are prepaids true transaction costs?
Some prepaids fund future tax, insurance, or interest obligations rather than paying a transaction fee, but they still require closing cash.
Where should discount points be included?
Add them to the effective loan-cost percentage or calculate them separately from the loan amount and include them in a detailed worksheet.
Why can the final statement differ greatly?
Local taxes, prorations, escrow rules, credits, service choices, lender pricing, recording charges, and actual dates are transaction-specific.