Purchase price and loan amount
The price is the home’s cost; the loan is what you borrow after the down payment. Some fees are based on one or the other.
Estimate the closing costs for your refinance based on loan amount, location, and loan type.
Closing costs are the fees and advance payments needed to finish your home purchase. They are separate from your down payment, so a buyer can have enough down-payment money and still need more cash to close.
Use this estimate to plan savings, then compare it with each lender’s Loan Estimate and final Closing Disclosure. Fees depend on location, lender and closing date; an estimate is not a binding invoice.
The price is the home’s cost; the loan is what you borrow after the down payment. Some fees are based on one or the other.
Lender charges for arranging the loan. A point equals 1% of the loan and may buy a lower rate.
A professional estimate of the property’s value for the lender.
Charges to check ownership, insure against certain ownership problems and register documents.
Insurance, daily interest and tax reserves paid ahead of time, rather than fees for lender services.
Down payment plus closing costs and prepaids, less deposits already paid and any approved credits.
Closing Cost Estimator — Separate monthly debt-service-to-income from upfront cash: down payment plus fees and prepaids, less deposits and approved credits. Avoid counting earnest money twice.
Historical 2025 one-unit comparison: conforming $806,500; FHA floor $524,225. County and unit-count limits can differ.
| Loan program | Down payment / equity | 2026 one-unit baseline | Costs and page-specific comparison |
|---|---|---|---|
| Conventional | 3%–5% subject to eligibility | $832,750 | PMI generally below 20% down |
| FHA | 3.5% at 580+; 10% at 500–579 | $541,287 floor | 1.75% upfront MIP; 0.55% annual for >95% LTV, base loan ≤$726,200, term >15 years |
| VA | 0% for eligible borrowers | No VA limit with full entitlement | No monthly PMI; funding fee unless exempt |
| USDA | 0% for eligible borrowers | Income, address and repayment eligibility | Guarantee and annual fees; confirm current schedule |
| Jumbo | Lender-specific cash and reserves | Above applicable conforming limit | Lender-specific pricing and insurance |
| Home Equity / Refinance | Equity and underwriting dependent | Property and lender dependent | Compare closing costs, term and break-even |
Sources: FHFA limits; HUD FHA limits.
Verification date: Not recorded; check the primary source and lender timestamp before relying on an estimate.
Rate comparisons use participating lender feeds, not a whole-market survey or guaranteed offers. Freddie Mac PMMS is a market benchmark, not a personalized quote. Calculator models rely on published regulatory formulas and disclosed assumptions rather than fabricated first-person loan testing.
Monthly principal and interest use the amortization formula P × r / (1 − (1 + r)−n), where r is the monthly note rate and n is the number of payments; at zero interest use P / n. PITI adds monthly property taxes and homeowners insurance; PMI is separate. APR includes applicable finance charges under Regulation Z and is not the note rate used for payments. Compare lender Loan Estimates for actual APR and fees.
The payment snapshot uses illustrative annual taxes of 1% of home price, $1,200 insurance and 0.5% PMI below 20% down, not verified local quotes. Other calculators disclose their inputs and assumptions. Published guidance and lender feeds may change independently; confirm current program rules, taxes and offers before a decision.