Everything on top of the deposit.
A worked example
Starting figures
- Price
- $420,000
- Closing costs
- 3%
- Legal fees
- $1,800
- Survey
- $700
- Moving
- $1,500
What it returns
- Cash needed at closing
- $16,600
- As a share of price
- 3.95%
- Lender & escrow costs
- $12,600
- Professional fees
- $2,500
- Moving
- $1,500
How to read the results
With the defaults above, cash needed at closing works out at $16,600.