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Cash to close

Closing cost estimate

What to bring to closing, line by line: loan fees, title and escrow, prepaid interest, insurance and tax reserves, minus your deposit and credits.

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Change any number and everything updates. When it looks right, send it to Morgan.

The purchase

$
%
%

Loan and third-party fees

Every number here is an example. Your lender’s loan estimate has the real ones.

%
pts
$
%
$
$
$

Prepaids and reserves

%
$
days
mo
mo

Already paid or credited

$
$
Bring to closing—
Closing costs—
Down payment—
Costs as % of price—
Loan amount—

    An estimate for planning, not an appraisal, a loan offer, or legal, tax or financial advice.

    Behind the numbers

    How it works

    01

    Loan and third-party fees

    Origination = loan × its %. Points = loan × number of points × 1%. Title, escrow and settlement = price × its %. Appraisal, recording, inspections and other fees are the dollars you enter.

    02

    Prepaids

    Prepaid interest = loan × rate ÷ 365 × days until your first payment period. The first year of insurance is usually paid at closing.

    03

    Reserves

    Tax reserves = (price × tax rate ÷ 12) × months. Insurance reserves = (insurance ÷ 12) × months.

    04

    Cash to close

    Down payment + closing costs − earnest money already paid − credits.

    Adjust it

    What each input means

    Every exampleFees, title costs, transfer taxes and reserve months vary by lender, state and county.
    Prepaid interest daysRoughly the days from closing to the end of that month.
    CreditsFrom the seller or lender, as written in your contract and loan estimate.

    When to use it

    Made for

    • Comparing loan estimates from two lenders
    • Before writing an offer
    • Planning how much cash to keep liquid
    Part of a guided path

    Buying

    Choose the part of town that fits your life first: golf, trails, dining, space, views. Then be first to the right homes, sent to you personally by Morgan.

    1. Find your area
    2. Backyard sun (optional)
    3. Your search
    4. Your plan
    About this path

    Questions

    Good to know

    Why do I pay for taxes and insurance at closing?+

    Most lenders collect a few months up front to start your escrow account, which then pays those bills for you.

    How do I send money for closing safely?+

    Call the title or escrow office at a number you look up yourself to confirm wire instructions. Never trust instructions that arrive or change by email.

    Want Morgan’s eyes on it?

    Send your numbers and she will review them personally, with real figures for your area.

    Call 520-555-0100
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