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Ubify Financial Advisory Board
FINANCIAL ANALYSTS & CPA REVIEWERS
About This Tool
When purchasing residential real estate, home buyers must provide funds beyond the down payment to finalize settlement. These settlement fees, known collectively as closing costs, encompass mortgage lender underwriting charges, title insurance policies, municipal transfer taxes, and advance escrow reserves. This calculator generates an itemized breakdown of anticipated settlement expenses and total cash required at closing based on purchase price, down payment percentage, and property location.
### Settlement Fee Categories - Lender Charges: Covers loan origination fees (standard 0.75% of loan balance), certified property appraisal ($550), and tri-merge credit reporting ($65). - Title & Settlement Fees: Includes the mandatory lender title insurance policy ($1,100) and recommended owner title policy (0.40% of purchase price) to defend property ownership rights against past liens. - Government Transfer & Recording: Incorporates state deed transfer taxes alongside municipal recording fees ($175) to record the title transfer in county land records. - Prepaid Escrows: Funds advance homeowners insurance ($1,500), 3 months of property tax reserves, and per diem mortgage interest between closing and the first monthly payment.
### Worked Numeric Scenario Consider the purchase of a residential home using standard conventional financing: - Purchase Price: $400,000 - Down Payment (20%): $80,000 (Loan Amount: $320,000) - Lender Fees: $3,015 ($2,400 origination + $550 appraisal + $65 credit check) - Title & Settlement: $2,700 ($1,100 lender policy + $1,600 owner policy) - Government Fees (FL, 0.2%): $975 ($800 state transfer + $175 recording) - Prepaids & Escrows: $3,555 ($1,500 insurance + $1,200 tax reserve + $855 per diem interest) - Total Closing Costs: $10,245 (approximately 2.56% of purchase price) - Total Cash to Close: $90,245 ($80,000 down payment + $10,245 closing fees)
### Client-Side Financial Privacy All financial calculations, down payment ratios, and settlement estimates evaluate locally in client-side JavaScript. No purchase amounts, loan details, or geographic locations are transmitted across external networks.
How to Use
- 1
Enter your target home purchase price (e.g. $400,000).
- 2
Input your planned down payment percentage (e.g. 20%).
- 3
Select your loan program (Conventional, FHA, or VA) and state code.
- 4
Review the itemized fee summary and total cash to close required on settlement day.
Frequently Asked Questions
What percentage of the purchase price do closing costs typically represent?
Home buyer closing costs generally range between 2% and 4% of the total purchase price, depending on state transfer tax rates and lender origination points.
What is the difference between closing costs and cash to close?
Closing costs are the administrative and prepaid fees required to process the mortgage and transfer title, while cash to close is the total combined cash you must wire on closing day, which equals closing costs plus your down payment.
Are my home purchase price and financial numbers saved?
No. All calculation logic runs strictly in your local browser sandbox with zero server uploads.