Closing Cost Calculator
Estimate buyer closing costs and cash-to-close by home price, down payment, and loan type. Free for brokers and loan officers.
Cash to Close
Enter details to see results.
Closing costs vs. cash to close
Borrowers usually ask about closing costs, but what they really care about is cash to close. Cash to close includes the down payment plus closing costs and prepaids, minus any credits such as seller concessions or lender credits.
This calculator estimates the most common fee buckets (lender fees, third-party fees, government charges, and prepaids) and rolls them up into a simple cash-to-close estimate. Use it for early conversations, then refine the numbers with the Loan Estimate and final Closing Disclosure.
How brokers use this
Borrowers almost always ask how much they need to bring to closing early in the process. This calculator gives you a quick itemized estimate to set expectations before you have a Loan Estimate from the lender.
Once your borrower is ready to move forward, use BorrowerDocs document collection to gather the income, asset, and property docs you need for the full application.
FAQs
How much are closing costs on a house?
Closing costs vary by state, lender, and loan type, but a common rule of thumb is 2% to 5% of the purchase price. This calculator provides an itemized estimate you can use early in the conversation.
What is the difference between closing costs and cash-to-close?
Cash-to-close includes closing costs plus the down payment (and prepaids/escrows), minus any credits like seller concessions or lender credits. Borrowers usually care about cash-to-close more than the individual line items.
What is included in closing costs vs. prepaids?
Closing costs are one-time fees to process the loan (origination, title, appraisal, recording). Prepaids are advance payments you would owe anyway (homeowners insurance, escrow setup, prepaid interest). Both can be due at closing.
Are these closing cost estimates accurate?
They are ballpark estimates based on common fees and averages. Actual costs vary by lender, title company, and location. Use this as a planning tool, then confirm with the Loan Estimate and Closing Disclosure.
Does this include FHA upfront mortgage insurance (UFMIP)?
Yes. For FHA loans, UFMIP (often 1.75%) is shown as a line item. Many borrowers finance it into the loan amount rather than paying it out of pocket.
Does this include the VA funding fee?
Yes. The VA funding fee is included. Some veterans are exempt and the fee can often be financed into the loan. Use the result as an estimate and confirm exemption status.
Can I share this estimate with my borrower?
Yes. Copy the breakdown and paste it into a text or email. If you want to follow it with a borrower-ready document request, create a free BorrowerDocs file and send a magic-link portal.
Ready to start collecting docs?
Create a free BorrowerDocs file and send your borrower a magic-link portal to upload pay stubs, tax returns, and bank statements.
Start for Free