Cash to Close Calculator | Lower Mortgage
Skip to content
Apply Now
Ready to get started?

Reach out and give us a call. We’re here to help.

Need support?

Have questions about your current product? Give us a call and we’ll sort it out.

Table of Contents

    Cash to Close Calculator

    Updated: April 21 2026

    Written by Bennett Leckrone
    Bennett Leckrone

    Written by
    Bennett Leckrone
    Writer / Reviewer / Expert

    Bennett Leckrone is the editorial manager and an analyst for Lower. He specializes in making complicated mortgage topics accessible for consumers. That includes both in-depth product guides and in-depth analysis on what economic moves mean for homebuyers and refinancers. He was previously a business reporter with a focus on higher education and fintech at BestColleges. In that role, he reported on the development of fintech and AI curriculum, as well as the rapidly changing nature of finance education. He also wrote guides to help business students navigate AI and online education. He also reported on state politics at Maryland Matters, with a focus on how policy affected people and businesses. He holds a bachelor of science in journalism degree from Ohio University.
    Reviewed by Jake Driscoll
    Jake Driscoll

    Reviewed by
    Jake Driscoll
    Reviewer

    Jake Driscoll is an experienced loan advisor and trainer who specializes in simplifying the mortgage process for both homebuyers and loan officers. He’s an expert in all things mortgage and refinance, and currently serves as the Associate Vice President for Training and Development at Lower. In that role, he prepares aspiring loan officers for the NMLS SAFE Exam and serves as a mentor to loan officers across Lower. As an expert reviewer, Jake evaluates mortgage and personal finance content for accuracy, clarity, and real-world applicability. He specializes in ensuring information reflects how lending actually works in practice so consumers can make confident, informed decisions.
    Our Editorial Standards

    Key Takeaways

    • Cash to close includes more than the down payment. It also includes estimated closing costs and is reduced by earnest money already paid.
    • Our cash-to-close calculator can use either a down payment percentage or a direct dollar amount.
    • This is an educational planning tool, not an official figure. Your official final figure comes from the transaction disclosures.
    Two people smile at a phone.

    Explore your mortgage options.

    ⚡
    It takes 3 minutes >

    Cash to Close
    Calculator

    Estimate your cash to close including down payment, closing costs, and earnest money credit. Enter the down payment as a percentage or a dollar amount.

    Estimated Cash to Close

    $0

    What’s driving this estimateLive from your current assumptions
    Use the sliders for quick comparisons or tap the blue value pills to type exact numbers.
    Down Payment Input

    Estimate only. Earnest money is the deposit you may have already paid with your offer, and it is typically credited toward your cash due at closing. Not a loan offer.

    How this calculator works

    Move the sliders to test scenarios, or tap any blue value pill to type an exact number. The headline result and supporting detail pills update live as you change inputs so you can compare options without resetting your work.

    Methodology: Down payment is computed from either the percent slider (home price × percent) or a direct dollar entry. Loan amount = home price − down payment. Closing costs = home price × closing-cost percent. Cash to close = max(0, down payment + closing costs − earnest money paid).

    Worked example: Home price $350,000, 10% down, 3% closing costs, $5,000 earnest paid: down payment $35,000; closing costs $10,500; cash to close = $35,000 + $10,500 − $5,000 = $40,500; loan amount = $315,000.

    Use these estimates to compare options and prepare questions for a lender. Final pricing, eligibility, and approval depend on a full application and lender review.

    How to Use Our Cash-to-Close Calculator

    Use the calculator above to estimate how much cash you may need on closing day based on the home price, down payment, closing-cost assumptions, and earnest money you have already deposited.

    Input What It Means Why It Matters
    Home price The purchase price of the property This drives both the down payment and the closing-cost estimate.
    Down payment Either a percentage or dollar amount This is usually the biggest component of cash to close.
    Loan amount Home price minus down payment This helps frame how much of the purchase is financed.
    Estimated closing costs Home price times the closing-cost percentage This adds to the amount due at closing.
    Earnest money paid Your upfront deposit during the contract period This reduces the remaining amount you need to bring.

    How The Cash-To-Close Calculator Works

    Cash to close is the amount you still need to bring to closing after accounting for your down payment, estimated closing costs, and any earnest money you already paid.

    In this calculator, the down payment comes from either the percentage slider or a direct dollar entry.

    Loan amount equals home price minus down payment. Closing costs are estimated as a percentage of home price. Cash to close is then calculated as down payment plus closing costs minus earnest money paid, but never below zero.

    What Counts Toward Cash To Close

    The largest component is usually the down payment. Down payment requirements vary by loan type.

    Closing costs are the second major component and may include lender fees, title charges, recording charges, prepaid items, and other transaction costs depending on the loan and location.

    Earnest money does not disappear. In most purchase transactions, it is credited toward the amount you still owe at closing, which is why the calculator subtracts it from the total cash requirement.

    Why The Estimate Can Change

    Actual cash to close can move as lender fees, prepaid taxes, homeowners insurance, or seller credits change. The estimate on your Loan Estimate or Closing Disclosure may differ from this simple early-stage calculation.

    What The Calculator Can And Cannot Tell You

    The calculator is good for understanding the relationship between home price, down payment, closing-cost assumptions, and earnest money already paid.

    It doesn't replace the official cash-to-close figure on your Closing Disclosure, which reflects the specific fees, credits, prepaid items, and adjustments for your real transaction.

    Bottom Line

    Our cash-to-close calculator gives you a grounded estimate of the upfront cash side of a home purchase. It's most useful when you are budgeting early and want to avoid focusing only on the monthly payment while missing the closing-day cash requirement.

    Frequently Asked questions

    What Is Cash To Close?

    Cash to close is the amount you need to bring to closing after adding down payment and estimated closing costs and subtracting earnest money already paid.

    Is Cash To Close The Same As The Down Payment?

    No. The down payment is usually only one part of cash to close. Closing costs and prepaid items can add meaningfully to the total.

    Does Earnest Money Reduce Cash To Close?

    Yes. Earnest money is typically credited toward the amount you owe at closing, which is why the calculator subtracts it.

    Can Cash To Close Be Zero?

    In this model, cash to close will not go below zero. In real transactions, credits and financing details determine the final number on your closing documents.

    Ready to get started?

    Apply Now >

    Mortgage Resources

    Next >

    Clear
    Selection