Closing Costs Calculator

How the calculation works

Base loan = purchase price − down payment. Origination and points = base loan × entered percentages. Transfer tax = price × entered rate. Closing costs add those figures, prepaids and fee items. Resulting loan = base loan + financed fees. Remaining cash to close = down payment + closing costs − financed fees − credits − earnest money already paid.

Worked example

A $350,000 home with $70,000 down gives a $280,000 base loan. A 1% origination charge, $2,000 prepaids and $1,500 title/legal fees total $6,300. With no credits, earnest money or financed fees, remaining cash is $76,300. Financing the $1,500 item changes loan principal to $281,500 and remaining cash to $74,800.

Assumptions and limitations

All amounts and rates come from your documents or estimates. Percentage fees apply to the original loan or price as labeled; financed fees do not recursively increase origination/points. No jurisdiction lookup, exemption, currency conversion or loan-product restriction is inferred. Earnest money is a payment already made, not an additional fee.

Avoid listing the same fee twice in prepaids and additional items. Whether costs can legally be financed depends on the transaction and lender. Negative remaining cash means entered credits/payments exceed the modeled requirement; it does not guarantee a refund. Reconcile this budget with the lender and settlement agent’s actual disclosures.

Sources and editorial responsibility

Maintained by Renvoro Pty Ltd. These mathematical estimates do not provide financial, tax, legal or investment advice.

• CFPB: reviewing a Closing Disclosure