Recent Calculations
Use this calculator to help estimate the total closing cost to purchase a home. This is an estimate of how much you will need on the day your home purchase is made. Please remember that this is an estimate, the actual fees and expenses may change depending on a variety of factors including the actual closing date. Below is a summary of the inputs and calculations used to create this estimate.
This is the date that the first payment for the home's mortgage is due. It is typically the first day of second month following the closing date. For example, if the closing date is March 15th, the first payment date would typically be May 1st.
The estimated date that the actual home sale will take place. This date is used to determine the prepaid interest due on the mortgage and the first payment date.
Price that will be paid for the home. This is the actual price of the home before any fees or expenses.
Total amount paid at the time of closing towards the sale price of the home. A minimum down payment is usually required, and can vary depending on the type of loan. This calculator does not determine any minimum down payment amount.
Total loan amount after down payment and any financed fees.
El número de años durante los cuales se pagará este préstamo. Los plazos de hipoteca más comunes son de 15 años y 30 años.
Tasa de interés fija anual aplicable a esta hipoteca. Tenga en cuenta que la tasa de interés es distinta de la Tasa de Porcentaje Anual (APR), que incluye otros costos como el seguro de la hipoteca, la tarifa de originación o puntos pagados al momento de originar la hipoteca. La APR suele ser superior a la tasa de interés nominal.
This is only used if the type of home purchase is Veterans Affairs (VA) loan. The VA status is used to determine the VA funding fee.
This is only used if the type of home purchase is Veterans Affairs (VA) loan. The VA loan use is used to determine the VA funding fee.
This is only used if the type of home purchase is Veterans Affairs (VA) loan. Choosing 'Yes' will include the fee in the loan balance, which will make the monthly payment of principal and interest higher but lower the required cash at closing.
This is only used if the type of home purchase is Veterans Affairs (VA) loan. The VA funding fee is calculated based on the VA status and loan use selected. It is a required fee to be paid to receive a VA loan.
The annual property taxes paid for this home.
Date that you have paid your property taxes through. This date is used to determine the prorated amount you will be credited at your closing.
The homeowner's annual insurance premium.
The monthly association dues, if any, for this home.
Flood insurance annual premium. Only enter an amount if flood insurance is required.
Number of months worth of insurance and property tax payments required to be deposited in an escrow account for future payments.
This is any deposit made with the seller as part of the original purchase agreement. Earnest money is be used to offset any closing costs, expenses and down payment requirements.
Any additional fee paid in advance that can be used to offset closing costs and expenses.
Points are paid to receive a lower interest rate. Each point costs 1% of the mortgage balance. Points paid by the seller appear a credit at closing.
Any amount of closing costs to be paid by seller. This is used to offset expenses and closing costs that are due from buyer at closing.
Any other credit received at closing to offset expenses and closing costs.
Monthly principal and interest payment due for the loan.
Interest for the loan paid at closing. This is typically the interest due for the partial month between the closing date and the first day of the next month.
Monthly Private Mortgage Insurance (PMI) payment due to lender.
Points are paid to receive a lower interest rate. Each point costs 1% of the mortgage balance. Points paid by the buyer are an expense due at closing.
Application fee for the loan required to be paid by the buyer
Origination fee required to be paid by the buyer.
Appraisal fee or expense required to be paid by the buyer.
Credit report expenses required to be paid by the buyer.
Lender's inspection fee required to be paid by the buyer.
Lender's attorney fee required to be paid by the buyer.
Assumption fee required to be paid by the buyer.
Other loan costs required to be paid by the buyer.
Abstract or title search fees required to be paid by the buyer.
Title insurance expense required to be paid by the buyer.
Title examination fees required to be paid by the buyer.
Document preparation fees required to be paid by the buyer.
Notary fees required to be paid by the buyer.
Attorney's fees required to be paid by the buyer.
Other title fees required to be paid by the buyer.
Recording fees required to be paid by the buyer.
City/County tax or stamps required to be paid by the buyer.
State tax or stamps required to be paid by the buyer.
Other government fees required to be paid by the buyer.
Survey fee required to be paid by the buyer.
Pest inspection fee required to be paid by the buyer.
Flood determination fee required to be paid by the buyer.
Settlement or closing fee required to be paid by the buyer.
Broker fees required to be paid by the buyer.
Any additional fee required to be paid by the buyer.