How Much Cash Do You Need to Close?

Your "cash to close" is the total amount you need to bring to the closing table.

Cash to Close Formula

Cash to Close = Down Payment + Closing Costs - Credits

Breaking It Down

Down Payment

Loan Type	Minimum Down
Conventional	3% - 20%
FHA	3.5%
VA	0%
USDA	0%

Credits That Reduce Cash Needed

• Seller Concessions: Credits from seller
• Lender Credits: Trade higher rate for closing help
• Earnest Money: Already deposited, applied at closing

Example Calculation

For a $500,000 home with 20% down:

• Down Payment: $100,000
• Closing Costs (~3%): $12,000
• Less Seller Credit: -$5,000
• Cash to Close: $107,000

Calculate Yours

Use our Cash to Close Calculator for a personalized estimate.