Closing Table

Starting numbers are generic examples. Enter yours and this phone remembers them.

Monthly payment, first month

$0/mo

Principal$0

Interest$0

Escrow, taxes and insurance$0

Total$0

Principal and interest split the first payment. Each month a little more goes to principal.

Where the cash comes from

Sale price$0

−Mortgage payoff$0

−Closing costs$0

=Profit from the sale$0

+Extra cash$0

=Down payment$0

Purchase price$0

−Down payment$0

=Loan amount$0

Down payment share0%

Interest over the full term$0

Selling

Hopeful sale price $ Mortgage payoff $ Closing costs, selling and buying $ No agent fees. Title, escrow and loan fees from both sides.

Buying

Extra cash added on top of the profit $ Expected purchase price $

Loan and escrow

Interest rate %

Term, years

15 20 30

Escrow per year, as a share of the price % Take your current home's yearly taxes and insurance and divide by its value. A new house is reassessed at its purchase price, so swap in a real quote when you have one.

HOA per month $ PMI rate % Only used under 20% down.

Payment ceiling per month $ The total is checked against this. Set to 0 to turn the check off.