Ask the seller to chip in
A seller credit written into your offer can pay closing costs and prepaids. Most programs allow 3% to 6% of the price, and I’ll tell you how much room you have.
The home and the loan
$
Loan type
3% minimum
%$15,000
ask me for today's
%
Taxes, insurance and timingThese fill in from the price. Change them if you have a real quote or tax bill.
$
$
Closing datechanges prepaid interest
Money that comes off the totalLeave these at zero if you don't know yet.
paid when your offer is accepted
$
$
$
Estimated cash to close
~$0
Down paymentClosing costsPrepaids and escrow
Down payment$0
- Your share of the purchase price, paid at closing.
Closing costs$0
- Lender feesorigination, processing and underwriting$0
- Appraisal and credit report$0
- Title insurance and closing attorney$0
- Alabama mortgage tax and recording$0.15 per $100 borrowed, plus county recording fees$0
Prepaids and escrow$0
- First year of homeowners insurance$0
- Prepaid interest$0
- Escrow cushion: property tax3 months to start your escrow account$0
- Escrow cushion: insurance2 months$0
Credits$0
- Earnest money you already paid$0
- Seller credit$0
- Lender credit$0
Due at closing$0
Loan amount$0
Total cash in the deal$0
Principal and interest$0
Want your real number?
Every lender, title company and county is a little different. Send me your details and I'll put together an actual estimate for the home you're looking at, then reach out myself. No credit pull to start.
Got it. I'll put real numbers together for you and reach out shortly. Heath
~ All figures are estimates for illustration only. Closing costs, title fees, insurance premiums, tax proration and escrow requirements vary by lender, title company, county and loan program, and your Loan Estimate will show the actual amounts. Seller and lender credits are limited by loan program and cannot exceed your closing costs and prepaids. FHA, VA and USDA upfront fees are shown as financed into the loan. Not a commitment to lend. All loans subject to credit approval. Heath Martin, Mortgage Loan Originator, NMLS #2679799, Thrive Lending, Company NMLS #2191014. Equal Housing Opportunity.
Ways to bring less to the closing table
Trade rate for a lender credit
Taking a slightly higher rate can earn a credit toward your costs. It makes sense when cash is tight now, and I’ll show you both sides side by side.
Look at low and no down options
VA and USDA loans can cover the full price, FHA starts at 3.5% down, and Alabama has down payment assistance programs for buyers who qualify. Gift funds from family can count too.
Pick your closing date
Closing near the end of the month means fewer days of prepaid interest due at the table. It won’t change the cost of the loan, only when you pay it.
Want your real number before you offer?
The calculator gives you a ballpark. Once you’re pre-approved I’ll run your actual rate, fees and title costs for the home you’re looking at, so the number at the closing table is the one you planned for.