What your result means
Cash to close is the estimated down payment plus closing costs and prepaid items, minus credits and earnest money already deposited.
Formula and assumptions
Cash to close = down payment + estimated closing costs + prepaid items − seller/lender credits − earnest money deposit.
- Closing costs are represented as a percentage for early planning.
- Credits and deposits can legally be applied in the amounts entered.
- The estimate excludes any transaction-specific adjustments not entered.
Worked example
For a $400,000 home with 10% down, 3% closing costs, $4,500 in prepaids, $3,000 in credits, and $5,000 earnest money, estimated cash to close is $48,500.
Limitations
Actual fees vary by lender, loan product, title provider, taxes, insurance, state, local customs, closing date, points, escrows, and negotiated credits. Use the official disclosures for decisions.