Down Payment & Closing Cost Calculator
The cash you need to close is your down payment plus closing costs — usually 2%–5% of the loan. Enter your price and down payment to see a realistic range and your total cash to close.
Closing costs typically run 2%–5% of the loan amount — lender fees, title, escrow, recording, and prepaid taxes/insurance. Some can be negotiated or rolled into the loan.
Frequently asked questions
How much are closing costs?
Closing costs typically run 2%–5% of the loan amount. They include lender origination fees, the appraisal, title insurance, escrow and recording fees, and prepaid property taxes and homeowners insurance. On a $320,000 loan that's roughly $6,400–$16,000.
How much cash do I need to buy a house?
Your cash to close is your down payment plus closing costs. For a $400,000 home with 20% down, that's $80,000 down plus about $9,600 in typical closing costs — roughly $89,600. A smaller down payment lowers the cash needed but adds PMI.
Can I reduce or finance closing costs?
Sometimes. You can negotiate seller concessions, shop lenders for lower fees, or take a 'no-closing-cost' loan that folds fees into a slightly higher rate. Comparing lenders is the most reliable way to lower fees on the same loan.
Sources: Consumer Financial Protection Bureau — closing costs; CFPB Loan Estimate & Closing Disclosure guidance.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.