{
  "id": "v20-us-closing-costs",
  "version": "20.16.0",
  "name": "Home Closing Cost Worksheet — United States",
  "shortName": "Home Closing Cost",
  "description": "Separate the down payment, money already paid, closing fees, prepaids and confirmed credits without inventing transfer-tax eligibility. USD planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "closing-costs",
    "us",
    "consumer-finance",
    "loan-amortization"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-us-closing-costs.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/us/closing-costs/",
    "definition": "/us/closing-costs/definition.json",
    "schema": "/us/closing-costs/schema.json",
    "llms": "/us/closing-costs/llms.txt",
    "legacyDefinition": "/us/closing-costs/definition.json"
  },
  "queryExample": "https://askcalculators.com/us/closing-costs/?purchasePrice=400000&downPayment=80000&lenderFees=2500&legalFees=1800&titleFees=1200&transferTax=0&prepaids=3000&credits=0&depositPaid=10000",
  "queryParameters": {
    "purchasePrice": {
      "label": "Purchase price",
      "type": "money",
      "required": true,
      "default": 400000
    },
    "downPayment": {
      "label": "Total down payment",
      "type": "money",
      "required": true,
      "default": 80000
    },
    "lenderFees": {
      "label": "Lender fees",
      "type": "money",
      "required": true,
      "default": 2500
    },
    "legalFees": {
      "label": "Legal/settlement fees",
      "type": "money",
      "required": true,
      "default": 1800
    },
    "titleFees": {
      "label": "Title/registration costs",
      "type": "money",
      "required": true,
      "default": 1200
    },
    "transferTax": {
      "label": "Confirmed transfer/land tax",
      "type": "money",
      "required": true,
      "default": 0
    },
    "prepaids": {
      "label": "Prepaid interest, insurance and reserves",
      "type": "money",
      "required": true,
      "default": 3000
    },
    "credits": {
      "label": "Confirmed permitted cost credits",
      "type": "money",
      "required": true,
      "default": 0
    },
    "depositPaid": {
      "label": "Deposit already paid toward down payment",
      "type": "money",
      "required": true,
      "default": 10000
    }
  },
  "inputs": [
    {
      "id": "purchasePrice",
      "label": "Purchase price",
      "type": "money",
      "defaultValue": 400000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "downPayment",
      "label": "Total down payment",
      "type": "money",
      "defaultValue": 80000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "lenderFees",
      "label": "Lender fees",
      "type": "money",
      "defaultValue": 2500,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "legalFees",
      "label": "Legal/settlement fees",
      "type": "money",
      "defaultValue": 1800,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "titleFees",
      "label": "Title/registration costs",
      "type": "money",
      "defaultValue": 1200,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "transferTax",
      "label": "Confirmed transfer/land tax",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "prepaids",
      "label": "Prepaid interest, insurance and reserves",
      "type": "money",
      "defaultValue": 3000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "credits",
      "label": "Confirmed permitted cost credits",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "depositPaid",
      "label": "Deposit already paid toward down payment",
      "type": "money",
      "defaultValue": 10000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "loanAmount",
      "label": "Purchase loan before financed fees",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "grossClosingCosts",
      "label": "Entered closing costs and prepaids",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "netClosingCosts",
      "label": "Costs after entered credits",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "cashToClose",
      "label": "Remaining cash to close",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "USD"
    }
  ],
  "formula": {
    "expression": "cash to close = down payment − deposit already paid + entered closing costs and prepaids − permitted credits.",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "imperial",
        "purchasePrice": 400000,
        "downPayment": 80000,
        "lenderFees": 2500,
        "legalFees": 1800,
        "titleFees": 1200,
        "transferTax": 0,
        "prepaids": 3000,
        "credits": 0,
        "depositPaid": 10000
      }
    }
  ],
  "sources": [
    {
      "label": "CFPB loan-estimate explanation",
      "url": "https://www.consumerfinance.gov/owning-a-home/loan-estimate/"
    },
    {
      "label": "CFPB comparing borrowing costs",
      "url": "https://www.consumerfinance.gov/owning-a-home/compare/compare-loan-estimates/"
    }
  ],
  "publicSlug": "closing-costs",
  "namespace": "us",
  "countries": [
    "us",
    "ca"
  ]
}