MortgageCalcFast

Upfront homebuying costs

Mortgage Closing Costs Calculator

See what you need in cash on the day you buy: the down payment, the fees, the points and the bills paid up front.

Cash to close

Closing-cost estimate

$
$
% of loan
% of loan
$

Estimated cash to close

$102,200

Loan amount$360,000
Loan & third-party costs$7,200
Discount points$0
Total closing costs$12,200
There is no single percentage that fits.

The percentages here come off the loan amount, not the price of the home. Treat them as a rough start. Swap them for the numbers on a real Loan Estimate as soon as you have one.

Plan the cash, not just the payment

What goes into it

Start with the price and your down payment. What is left is the loan. The fees and any points are worked out as a share of that loan, not of the price. Prepaid tax, insurance and the first escrow deposit go in as their own dollar amount, because they depend on your closing date rather than your loan.

Why no single percentage fits

What you pay for the appraisal, the title check, recording and transfer tax depends on your lender and your state. Prepaid bills shift with the day you close. A rough percentage is only useful before you have real numbers.

Points only pay off over time

One point costs 1% of the loan and buys a slightly lower rate. How much lower is not fixed. Divide what the point costs by what it saves each month, and you get the number of months before you break even. Sell or refinance before then and you lose money on it.

Swap estimates for real documents

Use the Loan Estimate to compare lenders and the Closing Disclosure for the final numbers. Seller credits, lender credits and the deposit you already put down all change what you actually hand over.

Primary sources

Keep exploring

Calculate your total paymentCheck your debt-to-income ratioEstimate cash needed at closing

Common questions

Frequently asked questions

Are closing costs a share of the price or of the loan?+

It depends on the item. The percentages here come off the loan amount, because lender fees and points are set that way. Prepaid bills are entered as dollars instead.

Is it worth paying points?+

Only if you stay long enough. You pay money now for a smaller payment later, so work out how many months it takes to get that money back, then ask if you will still be there.

Is cash to close the same as closing costs?+

No. Cash to close is your down payment plus the closing costs plus the prepaid bills. The final figure can also move once credits and your deposit are counted.