Cash to Close Calculator: How Much Cash Do I Need to Buy a Home?

Your down payment is only part of it. Add the closing costs, prepaid items, and credits to see the total. Results update as you type.

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The purchase

Home price

Down payment

Interest rateUsed for the interest you prepay at closing.

Seller creditMoney the seller agrees to put toward your closing costs. Leave at 0 if none.

Earnest money already paidThe deposit you put down when your offer was accepted. Leave at 0 if none.

More details: fees, taxes, insurance

Lender, title, and other closing feesAs a percent of the home price. Appraisal, title, recording, and lender fees. Often around 2% to 3%, and it varies by state and lender.

% of price

Homeowners insurancePer year, as a percent of the home price. The first year is usually paid at closing.

% per year

Property taxesPer year, as a percent of the home price.

% per year

Property tax escrow depositMonths of taxes the lender collects up front. Often 2 to 6.

months

Insurance escrow depositMonths of insurance the lender collects up front. Often 2 to 3.

months

Prepaid interestDays from closing to the end of that month. It depends on your closing date.

days

HOA transfer or setup fees

Your estimated cash needed

This does not include upfront mortgage insurance that may be added to your loan, moving costs, or any cash reserves a lender requires. Your lender's Loan Estimate shows your actual costs.

How this cash to close estimator works

Cash to close is the money you need to bring when you buy a home: your down payment plus closing costs, prepaid items, and escrow deposits, minus any credits. This estimator adds those pieces so you can see the full amount, not just the down payment.

Closing costs cover lender, title, appraisal, and recording fees, and they vary by lender, loan program, and location. Prepaid items are bills you pay up front, such as the first year of homeowners insurance and interest from the closing date to the end of that month. Escrow deposits give the lender a cushion for upcoming property tax and insurance bills.

Seller credits can pay some of your closing costs, but loan programs limit them, and they can't exceed the costs themselves. Earnest money you already paid counts toward your total, so it reduces what is due at closing. Once you apply for a loan, your lender's Loan Estimate lists the actual figures, so treat this tool as a planning estimate.

Common questions about cash to close

How much money do I need to buy a house?

You need your down payment plus closing costs, prepaid items such as the first year of homeowners insurance, and escrow deposits, minus any credits. This calculator adds them up so you can see the full amount, not just the down payment.

How much are closing costs?

Closing costs are often around 2% to 3% of the home price, and they vary by state, lender, and loan program. They cover lender, title, appraisal, and recording fees.

What is the difference between the down payment and cash to close?

The down payment is only part of cash to close. Cash to close also includes closing costs, prepaid items, and escrow deposits, minus credits and any earnest money you have already paid.

Can the seller pay my closing costs?

Sometimes. A seller can agree to a credit toward your closing costs, but loan programs limit how much, and the credit cannot be more than the costs themselves.

What are prepaid items and escrow deposits?

Prepaid items are bills you pay up front, such as the first year of homeowners insurance and interest from the closing date to the end of that month. Escrow deposits give the lender a cushion for upcoming property tax and insurance bills.

Does earnest money count toward cash to close?

Yes. Earnest money you have already paid counts toward your total, so it reduces what you owe at closing.