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Home purchase: cash to close and total monthly housing

Check two questions separately: what cash is still needed to complete the purchase, and what remains in the monthly household budget afterwards. All starting amounts are fictional.

Sources checked: 2026-09-09

How to read this tool

U.S. educational planning for a fixed-rate, fully amortizing monthly mortgage or a cash purchase. No loan approval, APR disclosure calculation, assistance eligibility or exact Closing Disclosure is produced.

Fictional example

Fictional inputs: $300,000 price and $60,000 down payment leave a $240,000 loan. Fees $9,000 plus prepaids $3,000 minus credits $1,000 and deposit $5,000 leave $66,000 due at closing. After $2,000 moving and $3,000 repairs, $90,000 available now leaves $19,000, or $9,000 above the selected reserve. The 6% rate is a hypothetical example.

Calculations and filters run in this page. This tool does not send your entries or save them automatically. Your browser may restore fields. Changing page or language can lose your entries. Downloads stay on your device; keep them private. Do not enter names, account numbers or other identifiers.

Your inputs

Amounts in U.S. dollars (USD). Percentages use 0–100 unless a field states otherwise. Replace every example value with figures that match your situation.

Your inputs

Purchase

Home price ($)

Fictional example price; replace with your scenario.Allowed range: 1 – 10000000

Total down payment ($)

Includes any earnest deposit already paid. May equal the price for a cash purchase.Allowed range: 0 – 10000000

Financing

Contractual annual interest rate (%)

Fictional fixed rate, not a current offer or APR including fees. Zero is allowed.Allowed range: 0 – 30

Loan term (whole years)

Fully amortizing monthly loan. Ignored when no loan is needed.Allowed range: 1 – 40

Cash needed

Fees and transfer costs before credits ($)

Include cash-paid points and fees once. Exclude the down payment, prepaids and initial escrow entered below. No financed fees.Allowed range: 0 – 10000000

Prepaids and initial escrow funding ($)

Cash required at closing, such as prepaid insurance, interest and escrow. Kept separate from recurring monthly averages.Allowed range: 0 – 10000000

Eligible closing-cost credits ($)

Only credits confirmed for these costs; no assistance eligibility is assumed. Cannot exceed fees plus prepaids in this model.Allowed range: 0 – 10000000

Deposit already paid ($)

Already part of the down payment or costs. Reduces cash due now, not the total purchase outlay. Refund-at-closing cases are outside scope.Allowed range: 0 – 10000000

Moving and setup costs ($)

One-time cash costs not included above.Allowed range: 0 – 10000000

Immediate repairs ($)

Separate immediate work from the annual upkeep budget.Allowed range: 0 – 10000000

Cash available now, after paying the deposit ($)

Do not add the deposit again. This is available cash, not a credit limit.Allowed range: 0 – 10000000

Cash reserve to retain ($)

Your chosen buffer, not a lender requirement. It remains an asset and is not a purchase expense.Allowed range: 0 – 10000000

Ongoing housing

Annual property tax ($)

Your estimate for the purchased property; no tax-rate or assessment prediction.Allowed range: 0 – 10000000

Annual home insurance ($)

Include applicable coverage, such as flood coverage, once.Allowed range: 0 – 10000000

Monthly HOA or association charges ($)

Exclude any charge already included in another field; special assessments are not generated.Allowed range: 0 – 100000

Monthly mortgage insurance ($)

Enter the actual quoted charge; this model does not determine if required. Must be zero for a cash purchase.Allowed range: 0 – 100000

Annual recurring upkeep budget ($)

Planning allowance, not guaranteed repair cost. Exclude immediate repairs entered above.Allowed range: 0 – 10000000

Household budget

Monthly take-home household income ($)

After taxes and deductions; no income verification or underwriting.Allowed range: 0 – 1000000

Monthly non-housing spending ($)

Include utilities, food, transport and other planned spending; exclude housing and debt fields already listed.Allowed range: 0 – 1000000

Other required monthly debt payments ($)

Exclude this new mortgage and amounts already in other spending.Allowed range: 0 – 1000000

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Enter your own figures, then calculate. The filled-in values are a fictional example.

Keep closing cash and total outlay distinct

The loan is price minus total down payment. Cash due now is down payment plus cash-paid closing fees and prepaids, minus eligible credits and the deposit already paid. Moving and immediate repairs are additional outflows. The reserve is retained cash, not a closing expense.

Use available cash after any deposit has already left your account. This prevents subtracting the deposit twice. The total purchase-cash result includes the paid deposit; the cash-due-now result does not. Credits and deposits here are bookkeeping inputs, not a determination of what a loan program allows.

Compare the mortgage payment with the full budget

Principal and interest use the contractual annual rate divided by twelve and the entered number of monthly payments. The displayed regular payment is rounded to cents. Property tax, insurance, association charges, mortgage insurance and an upkeep allowance are added once.

Annual property costs divided by twelve are planning averages. Actual bills, escrow collections, first-year prepayments and reassessments can have different dates and amounts. Utilities and other household spending belong in the non-housing field.

Test changes before treating a margin as spare money

The rate table varies the entered fixed rate by one percentage point in each direction, bounded at zero and 30 percent; other costs stay fixed. These are sensitivity scenarios, not available rates. A cash purchase produces no mortgage-rate effect.

Replace examples with written estimates and inspect the real Loan Estimate and Closing Disclosure. No adjustable rates, balloon payments, financed fees, taxes on a sale, insurance cancellation rules or lender debt-to-income decision are modeled. HUD describes counseling and online search options; services and fees vary by agency.

Official sources

CFPB — Closing Disclosure explainedSources checked: 2026-09-09
CFPB — principal, interest and total housing paymentSources checked: 2026-09-09
CFPB — plan the down payment and a cushionSources checked: 2026-09-09
HUD — housing counseling and online searchSources checked: 2026-09-09

Home purchase: cash to close and total monthly housing

How to read this tool

Your inputs

Your scenario

Keep closing cash and total outlay distinct

Compare the mortgage payment with the full budget

Test changes before treating a margin as spare money

Official sources

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