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How to use
- Enter Down payment.
- Enter Closing costs.
- Enter Prepaid items.
- Enter Credits/deposits applied.
- Calculate, then review what is included in the definition before making a financial decision.
How it is calculated
Cash needed = down payment + closing costs + prepaids − credits
Example
A 200,000 down payment plus 24,000 closing costs and 6,000 prepaids less 10,000 credits gives 230,000 gross and 220,000 cash needed.
Important notes
The final transaction statement is authoritative. This calculator is for planning and does not replace closing disclosures or lender instructions.
Worked examples and interpreting results
| Case | Calculation | Result |
|---|---|---|
| Gross need | 200000 + 24000 + 6000 | 230,000 |
| Cash needed | 230000 − 10000 | 220,000 |
Frequently asked questions
Does an earlier deposit reduce cash needed?
If it is formally credited to you at closing, include it among applied credits or deposits.
Is this a loan approval or credit decision?
No. This is a numerical calculator only; lenders may use different income, debt, appraisal and fee policies.
Should I use gross or net income?
Use the income type named by the field. Do not substitute net for gross because it changes the denominator and result.