Calculator
Closing Cost Estimator
Estimate total cash to close: down payment, lender and title fees, transfer taxes and the prepaid taxes and insurance that fund your escrow account.
Fees versus prepaids
Half of what people call closing costs is not a fee at all. Prepaid taxes and insurance fund your own escrow account, and that money comes back to you as bills get paid. Separating the two is the fastest way to understand a Loan Estimate — see how to read a Loan Estimate.
Government loans add their own upfront charge: FHA upfront MIP, the VA funding fee or the USDA guarantee fee. Those are usually financed into the loan rather than paid in cash, which is why they appear separately here.
What reduces the cash you bring
Seller concessions, lender credits, gift funds and down payment assistance all lower cash to close. In Colorado, down payment assistance programs can cover a large share of it, and on VA loans I waive my lender fees entirely.
Related
All calculators · Closing costs explained · Gift funds · Payment calculator
Want the real numbers instead of estimates? I am David Silva, a mortgage loan officer in Westminster, CO (NMLS 1352284), licensed in Colorado, California, Georgia and Texas. Send me your scenario and I will run it with your actual credit profile, the property real taxes and HOA, and current pricing.