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This calculator will help you
to determine the amount of cash needed for the home purchase
1 - Purchase Price:
Enter the Purchase Price from the Down Payment Calculator.
2 - Down Payment:
Enter the Down Payment percentage you are making. The Loan
Amount and other numbers automatically recalculate if you
change the purchase price or down payment percentage.
3 - Appraisal, Credit Report and Inspection Fees:
The Appraisal Fee, Credit Report Fee, and Inspection Fee default
to $275.00, $65.00, and $175.00 (this is an estimated amount).
You may change any or all of these entries.
4 - Closing Costs:
The Closing Costs are automatically calculated on 4% of the
Purchase Price. This is a guessestimate only but includes
documentary taxes, title insurance, intangible taxes, escrows
for property taxes and insurance. Remember to increase this
number if you are paying points on your loan.
5 - Moving-In Costs:
These include the moving van, deposits on electric and other
services, purchase you will be making such as furniture, dishwasher,
washing machine, dryer, etc. Enter the amount in Moving-In
Costs.
6 - Calculate:
The values are updated as you tab from entry to entry.
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