Est. cash to close

$50,895

Buyer Closing Cost Calculator

Estimate how much money you'll need to buy a home — down payment, closing costs, prepaids and escrows, minus any credits.

Your purchase

Start with the basics. Everything else uses smart defaults you can adjust.

Purchase price

Down payment

Down payment %

Loan program

Standard financing. Mortgage insurance applies under 20% down.

Interest rate

Loan term

yrs

Loan amount: $360,000 — calculated automatically from purchase price and down payment.

Taxes, insurance & HOA

Entered as a percent of price so your rate stays put when the price changes.

Property tax rate

≈ $8,800/yr — a rough estimate. Texas rates are set by county and vary widely; use the subject property's actual rate when known.

Home insurance rate

≈ $4,000/yr

HOA dues (mo)

Paid before closing

Costs the buyer typically pays outside of closing. They still count toward total cash needed — some are credited back at closing, some aren't.

Appraisal fee

Paid before closing — not credited back at closing.

Option fee

Paid before closing — credited toward cash to close.

Earnest money

≈ $4,000 — already paid, credited toward cash to close.

Home warranty

Optional — only if the buyer (not the seller) is paying for it.

Down payment assistance

Reduces the cash the buyer must personally bring toward the down payment — the purchase price and loan amount don't change.

Down payment assistance

Lender & seller credits

Money that reduces what you bring to the closing table.

Seller concessions

Lender credits

Estimated cash to close

$50,895

Loan amount

$360,000

Est. monthly payment

$3,492/mo

How we got that number

Down payment10% of purchase price$40,000

Estimated closing costs$5,350

Lender fees$1,800

Title & settlement$2,200

Discount points$1,350

Prepaids & escrows$4,895

Prepaid interest$962

Property tax escrow$2,933

Insurance escrow$1,000

Paid before closing$4,975

Appraisal feeAlready paid — not credited at closing$650

Option feeAlready paid — credited toward cash to close$325

Earnest moneyAlready paid — credited toward cash to close$4,000

Total cash needed for this purchaseEverything you fund across the transaction, before credits$55,220

Credits applied at closing−$4,325

Option fee (already paid)−$325

Earnest money (already paid)−$4,000

Estimated cash to closeDue at the closing table — appraisal and buyer-paid home warranty stay in this total since they aren't credited back$50,895

Estimated monthly payment

Principal & interest$2,275

Property taxes$733

Homeowners insurance$333

Mortgage insurance$150

Total monthly payment$3,492

The mortgage insurance shown is a simplified planning estimate. Actual PMI pricing varies by credit score, loan-to-value, loan characteristics, and mortgage insurer — your loan officer can quote the exact amount.

Want a personalized estimate?

These numbers are a planning estimate. For an official Loan Estimate tailored to your credit profile, property, and closing date, reach out to Scotty Gifford at Gifford Home Loans.

Call or text 979-571-9067

Scotty Gifford, Licensed Mortgage Loan Originator, NMLS# 2357310. Gifford Home Loans is a marketing brand used for informational and promotional purposes only and is not a separate mortgage lender or financial institution. Mortgage loans are originated and funded through Everett Financial, Inc. dba Supreme Lending, NMLS# 2129. Equal Housing Opportunity Lender.

Important disclosures

All figures shown are estimates for planning purposes only and are not a commitment to lend, a Loan Estimate, or any official disclosure required under federal or state law. Actual closing costs, prepaid expenses, escrow/impound requirements, property taxes, homeowners insurance premiums, lender fees, title and settlement charges, recording fees, HOA dues, mortgage insurance, interest rates, and credits will vary based on your specific transaction, property location, loan program, credit profile, and closing date.

All loan programs are subject to credit approval, property approval, and program guidelines. Rates and terms may change without notice. Contact Scotty Gifford for a personalized quote and an official Loan Estimate.

Down payment assistance programs have specific eligibility requirements, funding limits, repayment/forgiveness terms, and program restrictions. Actual assistance available will depend on the applicable program and borrower eligibility. The down payment assistance figure shown here is a planning scenario only, not an eligibility determination or offer of assistance.

Scotty Gifford is a Licensed Mortgage Loan Originator, NMLS# 2357310. Gifford Home Loans is a marketing brand used for informational and promotional purposes only and is not a separate mortgage lender or financial institution. Scotty Gifford is affiliated with Everett Financial, Inc. dba Supreme Lending and operates under its mortgage license. Mortgage loans are originated and funded through Everett Financial, Inc. dba Supreme Lending, NMLS# 2129. Equal Housing Opportunity Lender.