How much cash will you need at closing?
An itemized estimate of the down payment, closing costs, prepaids and credits. Every line is editable.
01Purchase
02Closing costs
03Prepaids & reserves
▦Itemized estimate
| Item | Amount |
|---|---|
| Down payment | $22,500 |
| Lender fees | $2,000 |
| Discount points | $0 |
| Appraisal & credit | $750 |
| Title & escrow | $2,800 |
| Recording & other | $300 |
| Prepaid interest (15 days) | $1,142 |
| First-year insurance premium | $1,500 |
| Escrow reserves (3 months) | $1,275 |
| Seller / lender credits | $0 |
| Earnest money already paid | −$5,000 |
| Due at closing | $27,267 |
ƒHow this is calculated
- Prepaid interest = loan × rate ÷ 365 × days.
- Escrow reserves = (yearly tax + insurance) ÷ 12 × months held.
- Fees vary by lender, title company and county. Your Loan Estimate shows the actual figures, and the Compare tool can review one.
Estimates for illustration only. This is not a loan offer, rate quote, or commitment to lend. Results come only from the numbers entered above. Interest rates are examples you supply, not advertised rates, so check current rates before deciding. Fee schedules and limits shown are published figures that can change.
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Austin Gerimonte, NMLS #2277430 · CrossCountry Mortgage, LLC NMLS #3029 · Equal Housing Lender · NMLSConsumerAccess.org