When writing an offer
Before you ask for seller concessions, know what the buyer's closing costs are likely to be. Run the estimator with them so the concession request is grounded in numbers rather than a round figure.
This buyer closing cost estimator itemizes the costs a buyer pays at closing: loan origination, title insurance, appraisal, prepaid interest and recording fees, and adds the down payment for cash to close. It's the calculator to use once a buyer is serious about a specific home, when 'how much do I bring to the table?' becomes urgent.
It varies by loan, lender, state and price. Typical items include origination fees, title insurance, appraisal, prepaid interest, recording fees and escrow deposits. This estimator itemizes the main ones from the buyer's inputs. The lender's Loan Estimate gives the actual figures after an application.
Before you ask for seller concessions, know what the buyer's closing costs are likely to be. Run the estimator with them so the concession request is grounded in numbers rather than a round figure.
If a listing advertises a seller credit toward closing costs, add the estimator to the page. Buyers can see how far the credit goes, which makes the incentive concrete.
Buyers often ask their agent to explain a Loan Estimate. Run the estimator alongside it so you can point to which lines are lender fees, which are third-party costs and which are prepaids.
The buyer enters the home price, down payment, rate, loan origination as a percentage of the loan, title insurance as a percentage of the price, appraisal fee, days of prepaid interest and recording and other fees. They see total closing costs itemized, and cash to close with the down payment included.
The lead you receiveYou receive the Home Price and Down Payment, Total Closing Costs, the itemized Loan Origination, Title Insurance, Appraisal Fee and Prepaid Interest, and Cash to Close. A buyer running this is usually close to an offer, so treat it as a priority lead.
I saw you checked closing costs on 9 Birch. They came out around $11,400 before the down payment. The sellers are open to a credit toward closing. Want to talk about how an offer could use that?
The same figures your visitor sees arrive in your lead record. Here's how to read the ones that matter.
Lenders often collect initial escrow for taxes and insurance at closing. If your market has high property taxes, tell buyers to add an estimate to 'Recording & Other Fees'.
Title premiums and who pays them differ by state. Set the title percentage to suit your area, or the estimate will be off.
Buyers sometimes panic at cash to close without remembering their earnest money is applied. Point it out on the follow-up call.
Purchase Details
Lender Fees
Other Closing Costs
Field names are shown as they appear in the calculator's English interface.
Estimates only. Closing costs vary by state, lender and property. Your official Loan Estimate and Closing Disclosure are the binding figures.
Calculator results are estimates for illustration, not Loan Estimates, pre-approvals or offers of credit.
Loan origination (percent of loan), title insurance (percent of price), the appraisal fee, prepaid interest for the days entered, and recording and other fees. It doesn't itemize escrow deposits, inspection fees or HOA transfer fees, which can be added to 'other fees'.
The daily interest on the loan (loan × annual rate ÷ 365) times the number of days entered, usually the days left in the month after closing.
This estimator itemizes specific buyer fees. The closing cost calculator groups costs into lender fees, third-party fees and prepaids and shows closing costs as a percentage of price. Use this one for detail and that one for a quick overview.
When they're narrowing down to one or two homes and before you write an offer, so you know whether to ask for a seller credit. It's also useful when a buyer receives a Loan Estimate and wants to understand it.
It helps you explain the request, but the credit allowed depends on the loan program's limits on interested-party contributions. Check with the buyer's lender before you write the number into an offer.
No. The Loan Estimate is a federal disclosure from the lender within three business days of an application, and the Closing Disclosure arrives at least three business days before closing. This calculator is a planning estimate.
Yes. Set title percentage, appraisal fee and recording fees to typical values for your market in the calculator settings. Visitors can still change them.
Yes, especially on listings with seller credits or in price ranges where closing costs are a stretch. On most listings, the mortgage calculator is the main tool, and this is a good second calculator in a widget.
Yes. Labels, help text, definitions and disclaimer are available in Spanish, and visitors can switch languages.
Included on every plan, including the free Agent plan. No card needed.