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How much cash will I need to close?

Plan the down payment and other money due at closing. Enter amounts from your lender, agent, or an early estimate, then compare the result with your Loan Estimate.

Illustrative inputs for planning only. Example interest rates are not quoted rates or annual percentage rates (APRs). Change the inputs to your own figures. This calculator does not offer credit or determine approval.

Purchase price ($) Down payment ($) Estimated closing costs ($)Rough estimate: 2% of purchase price. Actual fees vary. Edit this amount if you have a quote. Prepaid items and escrow deposit ($)Insurance, taxes, and initial escrow funds. Earnest money already paid ($)Deposit applied toward your funds at closing. Seller credit ($) Lender credit ($) Realtor credit ($)Enter only a credit agreed for this purchase. Ask your lender how it applies.

These numbers are estimates for planning. The 2% starting amount is a planning assumption for fees, not a lender quote or a CFPB recommendation for fees excluding prepaids. Actual costs depend on your loan and location. Enter prepaid expenses and escrow separately and only once. Use your Loan Estimate to replace the starting figures.

Estimated cash to close

$54,000

Money still needed at settlement based on the numbers entered.

Down payment$45,000

Closing costs$9,000

Prepaids and escrow$5,000

Earnest money already paid−$5,000

Seller and lender credits−$0

Realtor credit−$0

Estimated loan amount$405,000

Estimates only. Seller, lender, and realtor credits depend on the loan program, agreement, and lender review. Credits may not cover the down payment or exceed eligible costs. Other adjustments, fees, and escrow amounts can change the final figure. Use the Estimated Cash to Close on your Loan Estimate for a lender-provided figure. This calculator does not determine eligibility or provide a loan offer.

Review the numbers together

What goes into cash to close?

Your down payment is one part. Closing costs and prepaid expenses add to the total. An earnest money deposit you already paid, plus eligible seller or lender credits, reduces the amount you bring to settlement.

Keep money for moving, repairs, and emergencies after closing. The monthly payment tool helps you plan the ongoing cost.

Before you rely on the estimate

Ask for a Loan Estimate once you have a property and loan details.
Check the Estimated Cash to Close section, fees, and credits.
Update this tool when the property tax or insurance quote changes.

Source: CFPB Loan Estimate explainer ↗