Real Estate Closing Cost & Cash to Close Calculator
Calculate the exact net wire or cashierโs check funds required at the settlement table (Cash to Close) by combining your down payment, buyer closing costs, and prepaids, then deducting earnest money deposits and seller/lender credits.
Down Payment, Closing Costs & Credits
Mortgage Loan Amount: $344,000.00
Closing Disclosure Cash-to-Close Formula
Cash to Close = max(0, Down Payment + Buyer Closing Costs + Prepaid Taxes/Insurance โ Earnest Money Paid โ Seller Credits โ Lender Credits)- Gross Funds Required = Down Payment Amount + Buyer Closing Costs + Prepaid Taxes & Insurance.
- Total Credits & Deposits Deducted = Earnest Money Deposit Already Paid + Seller Concessions + Lender Credits + Other Credits.
- Prevents double-counting by separating upfront earnest money deposits and credits from gross settlement charges.
Step-by-Step Worked Example
Calculation Steps:
- Gross Funds Required = $86,000 + $11,400 = $97,400.00
- Total Credits & Deposits Deducted = $5,000 + $3,000 + $1,000 = $9,000.00
- Net Total Cash to Close = $97,400.00 โ $9,000.00 = $88,400.00
How to Use This Calculator
- 1Enter the property purchase price and total down payment dollar amount.
- 2Enter your buyer closing costs and prepaid escrow items (taxes, insurance, per-diem interest).
- 3Enter any earnest money already deposited in escrow, negotiated seller concessions, and lender credits.
Assumptions & Limitations
- Follows the standard TILA-RESPA Integrated Disclosure (TRID) Closing Disclosure logic where Earnest Money, Seller Credits, and Lender Credits directly reduce the buyerโs final wire amount.
- Each credit and fee is counted strictly once.
Frequently Asked Questions
What is the difference between Closing Costs and Cash to Close?
Closing costs are only the lender, title, government, and prepaid escrow charges associated with originating the loan and transferring title. Cash to Close is the total bottom-line dollar amount you must wire to the escrow company at settlementโit includes your Down Payment plus Closing Costs, minus your Earnest Money deposit and any Seller or Lender Credits.
Can seller credits exceed my closing costs?
No. Mortgage underwriting rules do not allow seller concessions to exceed your actual closing costs and prepaids, nor can seller credits be used to fund your required minimum down payment.
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Closing Cost Calculator
Itemize lender origination, appraisal, inspection, title/settlement, recording fees, and prepaids to see cash required at closing.
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Estimate buyer closing costs as a percentage of purchase price and loan amount, plus total cash needed at closing.