Legacy Investing CalculatorsShow

Home purchase cash to close

How much cash is needed beyond the down payment?

Your numbers

$
%
%

% of price

$
$

Cash to close

$59,075

Down payment$45,000
Closing costs$12,375

Tip. Ask for a Loan Estimate early. Closing cost percentages vary a lot by market and loan type.

Assumptions

  • Cash to close = down payment + closing% × price + prepaids − credits.
  • Closing costs are entered as a percentage of the purchase price, which is how they are usually quoted before you receive a Loan Estimate.
  • Excludes moving costs, immediate repairs, and furnishing, which land in the same week but are not part of the closing statement.
  • Excludes any lender reserve requirement, which asks you to still hold several months of payments after closing.

Explore the numbers

Examples and charts

Start with a scenario, then read the response curve to see which input actually moves the answer.

Example 1

Low down payment

Five percent down, where closing costs are a large share of the cash needed.

Cash to close

$36,575

Example 2

Ten percent down

A common middle path with a seller credit applied.

Cash to close

$59,075

Example 3

Twenty percent down

Enough to avoid mortgage insurance, and a much larger cash requirement.

Cash to close

$106,575

Sweeps down payment from half to one and a half times your value, holding everything else fixed.

Response curve

How down payment moves the result

Cash to close

$59,075

$40k$50k$60k$70k$80k6.0%8.0%10%12%14%
Chart axis: Down paymentNow 10% → $59k

What this calculates

Adds the down payment, closing costs, prepaids, and any credits into the single number you need available on closing day.

How to use it

  1. Start with purchase price and work down the form, or load an example to begin from a realistic case.
  2. Read the headline result alongside the supporting rows, which show the intermediate figures behind it.
  3. Check the assumptions. They decide what the number includes and, more importantly, what it leaves out.
  4. Sweep down payment on the response curve to see how much it actually moves the answer.
  5. Run a cautious case as well as an optimistic one before using the estimate in a decision.

Common mistakes

  • Budgeting only the down payment.
  • Forgetting moving costs and immediate furnishing, which land the same week.
  • Spending the reserve on the down payment and failing the lender's reserve requirement.

Formula

Cash to close = down payment + closing% × price + prepaids − credits

Inputs

  • Purchase price
  • Down payment (%)
  • Closing costs (%). % of price
  • Prepaids / reserves
  • Credits / seller concessions

FAQ

What are prepaids?

Money collected upfront that is not a fee: prepaid interest to the end of the month, the initial escrow deposit for tax and insurance, and often the first year of homeowners insurance.

What is a typical closing cost percentage?

Commonly 2 to 5% of the price for a buyer in the US, depending on the state, the loan type, and local transfer taxes. Your Loan Estimate replaces this guess with real numbers.

Can the seller pay some of this?

Often yes, as a seller credit or concession, and that is what the credits field is for. Loan programs cap how much a seller can contribute, and the cap usually rises with the down payment.

Do I need reserves on top of cash to close?

Many lenders want to see a few months of payments still in the bank after closing. Beyond underwriting, arriving at a new home with zero cash is how a minor repair becomes credit card debt.

Are these numbers financial advice?

No. They are educational estimates based on the inputs and assumptions on this page. Confirm important decisions with a qualified professional and your own documents.

Related calculators

The questions people usually ask next.