Sarah Martinez · Golden Key Realty
How much money do I need on the day?
Deposit plus every line item a buyer pays at closing — lender fees, escrow and title, inspections, impounds — less any credit from the seller.
Cash to close
Cash you need on closing day
$166,703
Down payment
$150,000
Closing costs
$16,703
As a share of price
2.23%
| Down payment | $150,000 |
| Loan origination | $4,500 |
| Other lender fees | $1,250 |
| Appraisal | $750 |
| Home inspection | $550 |
| Escrow / settlement fee | $2,200 |
| Lender's title policy | $1,100 |
| Recording & notary | $200 |
| Prepaid interest | $1,603 |
| First year's insurance | $1,800 |
| Property tax impounds | $2,750 |
| Total cash to close | $166,703 |
Closing costs land around 2.2% of the price here. Two to five percent is the normal range, and a seller credit is negotiable — especially on a home that has been sitting.
Your lender's Loan Estimate is the binding version of this list. Treat these as planning numbers until you have it.
While you're here
Monthly payment
What would the monthly payment be?
Affordability
What price should I be shopping at?
Budget → price
I can spend $X a month. What does that buy?
Rent vs buy
Am I better off renting?
Points buydown
Is paying points worth it?
PMI drop-off
How long am I paying mortgage insurance?
Refinance
Is it worth refinancing?