Closing Costs Calculator for California Home Buyers
Closing costs are the charges paid to close a loan: the lender's fees, title, escrow, recording, and the prepaid items that start the loan off. This closing costs calculator takes the lines off your Loan Estimate one by one, applies the seller and lender credits, and shows the total. It opens on nothing, because no figure here is ours to publish.
Closing costs
What that works out to
Type the lines from your Loan Estimate and the total appears. It opens on nothing because no figure here is ours to publish.
These are estimates from the figures you entered, not a quote, an offer, or a commitment to lend.
A calculator works from the figures you typed into it. Your loan officer works from your file and your credit, against the lenders on our panel.
Ask us for a real quoteHow the math works
The total is the lines added up, less the credits. Every line is yours: the calculator opens on nothing and publishes no figure of its own, because the charges on a Loan Estimate are set by the lender, the title company, the escrow company and the county, not by us.
Seller and lender credits are pooled and applied only up to the costs they can pay for. A credit larger than the costs is set aside and flagged for your loan officer rather than taken off anything else.
The lines printed in the results are exactly the ones you entered, so what made the total is visible beside it.
The down payment is not a closing cost and is not here. The cash to close, which puts the two together, is on the payment calculator.
Starting assumptions
This calculator opens empty and assumes nothing: the lines are the charges on your own Loan Estimate, which a lender gives you after you apply and before you commit.
These are estimates from the figures you entered, not a quote, an offer, or a commitment to lend.
Questions about closing costs
What are closing costs on a California home purchase?
The charges paid to close the loan and the sale: the lender's origination charges, the appraisal and credit report, title insurance, the escrow or settlement fee, county recording charges, and the prepaid items that start the loan, such as interest to the end of the month, the first year of homeowners insurance and the deposit that opens the tax account.
Who pays closing costs in California?
The purchase contract decides. The buyer pays the costs of the loan; which party pays the owner's title policy, the escrow fee and the transfer taxes varies by county custom and by what was negotiated. A seller can agree to a credit toward the buyer's costs, within limits the loan program sets.
Can seller or lender credits cover all of my closing costs?
A credit can be applied only to the costs due at closing, never to the down payment, and each loan program caps how much of a seller credit can be used. A lender credit comes in return for a higher rate on the loan. This calculator applies the credits up to the costs and flags anything above that for your loan officer.
Where do I find the figures to enter?
On the Loan Estimate a lender gives you after you apply, which lists each charge by section, and later on the Closing Disclosure, which carries the final figures. Until you have one, a quote from your loan officer is the place to start.
Pick the question you are trying to answer
- Monthly payment
What leaves your account each month once taxes, insurance and dues are inside the figure.
- Affordability
What your income carries once your debts, the taxes and the insurance come out of it.
- Refinance break-even
The month the closing costs are paid back, and what the new loan costs over its life.
- Amortization schedule
Every payment, split into interest and principal, year by year.
- DSCR check
Whether a rental's rent covers its own payment, taxes, insurance and dues.
- Rent vs buy
What renting costs against what owning costs over the years you plan to stay, with the sale at the end counted.
- HELOC payment
The monthly figure on a HELOC balance at the rate you were quoted.
A quote needs your file
Send us what you are working with, and your loan officer can price it against the lenders on our panel.
No credit pull to get started. This is not a commitment to lend. Equal Housing Opportunity.