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Mortgage Closing Costs Calculator
Build a purchase estimate from your lender and settlement quotes. Fill every line, using zero for a confirmed absent charge. An unanswered item leaves the total unresolved.
Purchase fees and cash to close
What each total means
Entered closing charges are the sum of loan charges, settlement services, government charges, prepaids and initial escrow funding. Cash to close also accounts for the down payment and amounts already funded or credited. The CFPB Closing Disclosure explainer distinguishes closing costs from the remaining amount due at settlement.
Worked purchase example
Assume a $400,000 price, $80,000 down payment, $3,000 loan charges, $2,000 settlement costs, $1,000 government charges, $1,500 prepaids and $2,500 initial escrow. Entered charges total $10,000.
With a $10,000 earnest-money deposit, $3,000 credits, $1,000 of those charges paid earlier and no financed costs, remaining cash is $76,000. The implied loan is $320,000. These are illustrative dollar inputs, not typical fees or a lender offer.
Keep deposits and paid fees separate
The earnest-money deposit is credited toward the purchase. An appraisal paid earlier is an included cost paid before closing. If that appraisal is already in loan charges, subtract its earlier payment once; do not also remove it from the category total or call it earnest money.
Confirm the taxes for your property
Open the relevant state calculator for its supported transfer, recording or title model. Copy only your allocated amount, then add any other confirmed government charges. Mortgage recording taxes, exemptions and city charges may need separate quotes. Do not copy a combined buyer-and-seller subtotal into one party’s budget.
Financed costs need lender confirmation
A financed-cost entry reduces immediate cash and increases the implied loan in this worksheet. It does not establish that your loan program permits financing that charge. Excess credits, loan limits, prorations, assistance and unusual adjustments must be reconciled with the lender’s statement. A negative cash result is an arithmetic balance, not a promised refund.
Compare two Loan Estimates line by line
A lower cash-to-close figure can reflect a smaller escrow deposit, a different closing date or more financed costs. Separate those changes from the price of the loan before choosing between offers. Run each offer through the worksheet above with the same purchase price, loan amount, term, loan type and intended closing date, and record whether each rate is locked and the quote’s date. The CFPB Loan Estimate explainer shows where loan terms, projected payments and estimated closing costs appear.
| Worksheet line | What to compare between offers |
|---|---|
| Loan charges | Origination and discount points; keep the offered interest rate beside them. |
| Settlement services | Title, appraisal, settlement and legal quotes; confirm the same services are included. |
| Government charges | Property location, tax basis, payer allocation and recording instruments. |
| Prepaids | Interest period and insurance or tax amounts paid in advance. |
| Initial escrow | Reserve funding and covered bills, rather than a fee retained by the lender. |
| Credits | Source, amount and any connection to the offered rate or purchase contract. |
Worked comparison: the lower cash quote
Suppose Offer A has $4,000 loan charges, $2,000 services, $1,000 government charges, $2,000 prepaids and $3,000 escrow, with no credit. Its entered charges are $12,000.
Offer B has the same service and government amounts, $5,000 loan charges, $1,000 prepaids and $1,000 escrow, with a $1,000 lender credit. Charges before the credit are $10,000; after it, $9,000. The $3,000 cash difference comes from prepaids and escrow in this example. Net lender charges are $4,000 in both offers.
That arithmetic does not establish that the loans are equally priced over time. Compare their rates and terms as well. These hypothetical offers show why a single cash number cannot explain every difference.
Resolve changes before closing
The CFPB Closing Disclosure explainer recommends comparing final figures with the Loan Estimate and asking about unexplained changes. The disclosure is generally provided at least three business days before closing for covered mortgages. Keep a short list of changed amounts, the earlier quote and the explanation supplied, then re-enter the final figures here.
For seller proceeds, use the buyer and seller settlement worksheet; to see how cash to close differs from seller proceeds, read closing costs, cash to close and seller proceeds.
Last reviewed 2026-10-09.
Questions about Mortgage Closing Costs Calculator
- Is the down payment part of closing costs?
- This worksheet reports entered closing charges separately from the down payment. Cash to close then adds the down payment and subtracts deposits, credits, included costs paid earlier and confirmed financed costs.
- Does this calculator automatically know my state taxes?
- No. Use the state worksheet or your closing preparer’s confirmed quote, then enter your share once in government costs. Mortgage taxes and local charges need transaction-specific confirmation.
- How do I compare two mortgage closing quotes?
- Use the same price, loan amount, loan term and closing date. Separate lender charges and credits from settlement services, government charges, prepaids and escrow funding. Confirm whether costs paid earlier are already included.
- Are prepaid taxes a lender fee?
- No. Prepaid taxes and initial escrow funding cover ownership expenses and reserves. Keep them separate when evaluating what a lender charges for the loan.