X

Get Pre-Approved for Your Mortgage in Three Easy Steps

  • 1Property Info
  • 2Applicant Info
  • 3Contact Info
Mortgage Type
Property Location
Property Type
Residence Type
Property Value
Down Payment
%
Next
Do You Have a Co-Borrower?
Total Monthly Gross Income ($)
Total Monthly Debt ($)
Credit Profile
Self-Employed?
Back
Next
Name
Phone Number
Email Address
Have You or Your Spouse
Served in the Military?
Back
Get Pre-Approved
FREEandCLEARThank you for submitting your info! You are on your way to being pre-approved!
LENDER INFO
FREEandCLEAR[LENDER NAME] will contact you shortly to complete the pre-approval process
FREEandCLEARThe lender will review your credit score and request selected financial information to finalize your pre-approval
Close and Return
By clicking "GET FREE QUOTES," you authorize selected lenders and FREEandCLEAR to contact you using the information you provided. This authorization overrides any previous registrations on federal, state, or private Do Not Call registries or any private solicitation preference you previously expressed. You agree that lenders may use automatic dialing systems to make calls to any phone number entered, even to a cell phone or other service for which the called party is charged. You understand that consent is not a condition of purchase.
X

Get Free Personalized Mortgage Quotes

First Name:
Last Name:
Phone Number:
Email:

My Mortgage Info

Mortgage Type
Credit Score
Loan Amount
Property Value
City
State
GET FREE Quotes
FREEandCLEAR.comThank you for submitting your information!
FREEandCLEAR.comYour mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly
FREEandCLEAR.comComparing proposals from multiple lenders is the best way to save money on your mortgage!
By clicking "GET FREE QUOTES," you authorize selected lenders and FREEandCLEAR to contact you using the information you provided. This authorization overrides any previous registrations on federal, state, or private Do Not Call registries or any private solicitation preference you previously expressed. You agree that lenders may use automatic dialing systems to make calls to any phone number entered, even to a cell phone or other service for which the called party is charged. You understand that consent is not a condition of purchase.
X
$Get Personalized Mortgage Quotes

  • Compare Multiple Offers
  • Lowest Rates
  • Free
  • No Obligation
  • Real-Time Rates
  • Local Lenders
  • Easy-to-use
  • Free
No thanks, I just want to keep using this cool mortgage calculator
Mortgage Rates
Refinance Rates
FHA Rates
VA Rates
Jumbo Rates
Adjustable Rate Mortgage Rates
Interest Only Mortgage Rates
Non-Owner Occupied Rates
Mortgage Closing Costs Calculator
FREEandCLEAR Find Your Mortgage

Mortgage Closing Cost Calculator

Input the property purchase price or estimated property value (if you are refinancing) into our Mortgage Closing Cost Calculator to estimate the non-recurring closing costs for your mortgage when you purchase a home or refinance your mortgage. Non-recurring closing costs are one-time, up-front costs that the borrower pays to third parties to process and close the mortgage including lender, appraisal, title company, escrow and attorney (if applicable) fees.  Closing costs are typically thousands of dollars and are very important for borrowers to review, in addition to the interest rate, when selecting a mortgage. Closing costs vary by mortgage size and program, geography and lender and you can use the FREEandCLEAR Mortgage Closing Cost Calculator to help you avoid paying excessive fees when getting a mortgage. You can also review our detailed explanation and example of mortgage closing costs.

Inputs
 
Outputs
Represents an estimate only. Closing costs vary by lender and service provider
 
 
 
 
Please note that at the time of closing, in addition to paying the non-recurring closing costs listed above, the borrower is also required to pay recurring closing costs such as interest (from the day of closing until the end of the month in which your mortgage closes), pro-rated property taxes, homeowners insurance, homeowners association fees (if applicable), private mortgage insurance (PMI) (if applicable), mortgage insurance premium (MIP) (if applicable) and impounds

The estimated non-recurring closing costs do not include the cost of any discount points you may decide to pay. A discount point is equal to 1.0% of the amount of the mortgage. If you decide to pay discount points to lower your interest rate, you will incur additional up-front costs
Please note that this calculator assumes a flat lender fee of $995. Lender fees vary and some lender may charge no fees although this can result in the borrower paying a higher interest rate, which can cost you more money in interest expense over the life of the mortgage
 
 
  • NMLS
Great! We sent your message to the lender!

By clicking the "Request More Info" button you: (a) agree to our Terms of Use and Privacy Policy, and (b) consent to be contacted by this lender using the contact information provided by you through various means, such as an automated dialing system or pre-recorded voice messages, even if you are otherwise listed on a do not call or email registry or are charged for the call. Your consent is not required to receive services from this lender.

Rate Details*
Loan Program:  
Monthly Payment:  
APR:  
Rate:  
Points  More Info:
Points: Fees you are willing to pay in order to get a lower interest rate. The number of points refers to the percentage of the loan amount that you would pay. For example, "2 points" means a charge of 2% of the loan amount.
 
Total Lender Fees:  
Loan type:  
Property Value:  
Loan to Value:  
Credit Rating:  
Date Submitted:  
Monthly Housing Payments
P & I More Info
Principal & Interest: A periodic payment, usually paid monthly, that includes the interest charges for the period plus an amount applied to the reduction of the principal balance.
Mortgage Insurance More Info
Mortgage Insurance: The monthly cost for a policy that protects the lender in case you’re unable to repay the full amount of the loan. It is typically required for loans that have a loan-to-value ratio between 80% to 100%.
(Estimated)
Property Tax More Info
Property Tax: (Also called "Real Estate Tax.") Property taxes are government assessments on real estate property. With mortgage financing, the local, county or state tax assessment on real estate property is considered part of the monthly housing obligation and typically collected and set aside by the lender ...
(Estimated)
Homeowner Insurance More Info
Homeowner Insurance: or also commonly called hazard insurance, is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.lender ...
(Estimated)
Homeowner Association Fee More Info
Homeowner Association fee: (HOA) fees are funds that are collected from homeowners in a condominium complex to obtain the income needed to pay (typically) for master insurance, exterior and interior (as appropriate) maintenance, landscaping, water, sewer, and garbage costs.
(If Any)
Total Monthly Housing Payments
Lender Fees
Points More Info
Points Fees you are willing to pay in order to get a lower interest rate. The number of points refers to the percentage of the loan amount that you would pay. For example, "2 points" means a charge of 2% of the loan amount.
Origination Fee More Info
Origination Charge: A loan origination charge is a fee charged by the lender for evaluating, processing, and closing the loan.
Credit Report Fee More Info
Credit Report Fee: Fee charged to obtain an applicant’s credit history prepared by one or all of the three major credit bureaus. Used by lender to determine the borrower’s creditworthiness.
Tax Service Fee More Info
Tax Service Fee: A fee charged by the lender to cover the cost of retaining a tax service agency. These agencies monitor the property tax payments on the property and report the results to the lender.
Processing Fee More Info
Processing Fee: A processing fee is a charge by the lender for clerical items associated with the loan. Examples of processing include loan set up, organization of loan conditions for underwriting, and preparing required disclosures for the borrower.
Underwriting Fee More Info
Underwriting Fee: A fee charged by the lender to verify information on the loan application, authenticate the property’s value, and perform a risk analysis on the overall loan package.
Wire Transfer Fee More Info
Wire Transfer Fee: In most cases lenders wire funds to escrow companies to fund a loan. Commercial banks that perform this function will charge the lender so the fee is generally passed on to the borrower.
(If Any)
FHA Upfront Premium More Info
FHA Upfront Premium: A fee paid in cash at the close of escrow or more commonly it is financed into the loan. These premiums are pooled together by the FHA and are used to insure the risk of borrower default on FHA loans. FHA upfront premiums are prorated over a five year period, meaning should the homeowner refinance or sell during the first five years of the loan, they are entitled to a partial refund of the FHA upfront premium paid at loan inception.
(If any)
VA funding Fee (If any)
Flood Fee
Other Fees More Info

Other fees could be either additional Administrative Fees that a lender charges or it could be a Flat Fee to cover all lender charges such as: (Origination Fees, Points, Underwriting and Processing Fees, Credit Reports and Tax Service Fees)

The flat fee does not include prepaid items and third party costs such as appraisal fees, recording fees, prepaid interest, property & transfer taxes, homeowners insurance, borrower’s attorney’s fees, private mortgage insurance premiums (if applicable), survey costs, title insurance and related services.

Total Lender Fees
*Actual rates and other information may vary. Sponsored results shown only include participating lenders. The information you enter on this page will only be shared with lenders you choose to contact, either by calling the phone number or requesting a quote.
Compare Mortgage Rates
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.
While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.

What You Should Know About Mortgage Closing Costs

1

Closing Costs Vary

Mortgage closing costs vary by lender, location, property value, mortgage amount and mortgage program.  Closing costs are typically higher for larger mortgages on more highly valued homes.  Lenders fees also vary and lenders may use different terminology for the fees they charge.  Because mortgage closing costs vary and can run thousands of dollars, borrowers should shop multiple lenders to find the mortgage with the best terms.  Please note that there is usually a trade-off between the mortgage rate and closing costs quoted by lenders with the higher the closing costs, the lower the mortgage rate.  To compare mortgage quotes borrowers should  request a Loan Estimate document from each lender that outlines key mortgage terms such as interest rate and closing costs.  Borrowers can use the Loan Estimate to find the lender offering the mortgage with the lowest closing costs and interest rate.

2

Recurring Versus Non-Recurring Closing Costs

There are two types of mortgage closing costs: recurring and non-recurring.  Recurring closing costs are costs that borrowers continue to pay after the mortgage closes such as partial interest expense, homeowners insurance and pro-rated property tax.  Borrowers are required to pay a portion of these costs when their mortgage closes.  The amount of recurring closing costs primarily depends on when your mortgage closes so it can be difficult to estimate these costs up-front.  Non-recurring closing costs are one-time fees borrowers pay to the lender, settlement / escrow agent, title company, appraiser and other third parties to process and close your mortgage.  Non-recurring closing costs should be outlined up-front before you select a lender for your mortgage and are subject to negotiation because they are set by the lender and other third party service providers.  For example, you may be able to negotiate a lower lender origination fee or appraisal report fee.  Borrowers should compare and negotiate non-recurring closing costs across multiple lenders to reduce their expenses when they get a mortgage. 

3

Can You Include Closing Costs in Your Mortgage Amount

Borrowers are not permitted to include most closing costs in their mortgage amount for home purchase loans but you can include closing costs in your loan amount for refinancings. For example, with a no cost refinance all non-recurring closing costs are added to your new mortgage.  A no cost refinance, however, charges a higher interest rate than a mortgage with standard closing costs.  Prospective home buyers with limited funds should consider Closing Cost Assistance Programs which help eligible borrowers pay for part or all of their mortgage closing costs through a grant.     

More FREEandCLEAR Mortgage Resources

Mortgage Guides

How Much Are Mortgage Closing Costs?

Reivew our comprehensive, item-by-item breakdown of mortgage closing costs

Resources

Tips for Lowing Mortgage Closing Costs

Review insightful tips to help you lower your mortgage closing costs from a mortgage expert with over 40 years of experience

Resources

Mortgage Rates

Compare closing costs and mortgage rates for top lenders near you.  Comparing proposals from multiple lenders is the best way to find the mortgage with the lowest closing costs and interest rate

Ask a Mortgage Expert

Ask a Mortgage Expert

Got mortgage questions? We love answering them. Submit your mortgage questions and receive an informative response within 24 hours

X

Get Free Personalized Mortgage Quotes

First Name:
Last Name:
Phone Number:
Email:

My Mortgage Info

Mortgage Type
Credit Score
Loan Amount
Property Value
City
State
GET FREE Quotes
FREEandCLEAR.comThank you for submitting your information!
FREEandCLEAR.comYour mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly
FREEandCLEAR.comComparing proposals from multiple lenders is the best way to save money on your mortgage!
By clicking "GET FREE QUOTES," you authorize selected lenders and FREEandCLEAR to contact you using the information you provided. This authorization overrides any previous registrations on federal, state, or private Do Not Call registries or any private solicitation preference you previously expressed. You agree that lenders may use automatic dialing systems to make calls to any phone number entered, even to a cell phone or other service for which the called party is charged. You understand that consent is not a condition of purchase.