How much cash do I need to buy a home?

Estimate the cash you may need at closing, including your down payment, closing costs, and common upfront expenses.

Your purchase details

Think beyond the down payment—closing costs count too.

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Home priceThe purchase price you are considering.

Down paymentThe percentage of the price you plan to put down.

Closing costsTypical costs are often 2%–5% of the purchase price.

Lender and loan feesOrigination, underwriting, appraisal, and similar fees.

Prepaid taxes & insuranceInitial escrow deposits or prepaid policy costs.

Earnest money depositYour deposit is normally credited at closing.

Seller creditsNegotiated credits that reduce your closing costs.

Estimated cash needed at closing

✦

$51,000

This is an estimate after your earnest money and seller credits.

Down payment

$40,000

Closing costs

$12,000

Down payment$40,000

Estimated closing costs$12,000

Lender and loan fees$1,500

Prepaid taxes & insurance$2,500

Total before credits$56,000

Earnest money & seller credits−$5,000

Ask your lender for a Loan Estimate—it is the best early view of your actual cash to close.

Important: Closing costs vary by loan program, property, location, lender, and contract terms. Ask your lender for a Loan Estimate and your closing agent for a detailed cash-to-close figure.