Are closing costs negotiable?

Some are. Title fees and lender charges sometimes have flexibility; taxes and recording fees usually do not.

Should I put 20% down?

20% avoids PMI and lowers monthly payments, but keeping cash reserves can be more important.

Some are. Title fees and lender charges sometimes have flexibility; taxes and recording fees usually do not.

20% avoids PMI and lowers monthly payments, but keeping cash reserves can be more important.

Mortgage & Real Estate

Quickly estimate total cost, monthly payment and total interest for any property purchase.

Purchase Price

Down Payment

Interest Rate

Loan Term

Closing Costs

$$L = \text{Price}-D,\quad M = L\cdot\frac{r(1+r)^{n}}{(1+r)^{n}-1},\quad \text{Total} = Mn + D + C$$

Where

Lloan amount

Pricepurchase price

Ddown payment

Mmonthly payment

nmonths

Cclosing costs

rmonthly interest rate