Free Calculator

    Cash Needed to Close Calculator

    Know exactly how much capital you need before making an offer.

    Property & Loan Details

    Total Cash Needed

    $69,500

    After earnest money credit

    Down Payment (20%)$50,000
    Closing Costs (3%)$6,000
    Prepaids$2,500
    Due Diligence Costs$1,000
    Repairs & Reserves$15,000
    Earnest Money Credit-$5,000

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    Investment Disclaimer

    This calculator is for informational and educational purposes only. Results are estimates based on your inputs and do not constitute investment advice. Real estate investing involves risk, including potential loss of principal. Read full disclaimer

    Why Cash to Close Matters

    Understanding your total cash requirements before making an offer is crucial for real estate investors. Many deals fall through because buyers underestimate the capital needed, leading to financing issues at closing.

    This calculator accounts for all major cash requirements: down payment, closing costs, prepaids, due diligence costs, and recommended reserves. For investment properties, lenders typically require 20-25% down, higher than owner-occupied properties.

    What's Included in This Calculator

    • Down payment based on your financing terms
    • Estimated closing costs (lender fees, title, escrow)
    • Prepaids for taxes, insurance, and interest
    • Due diligence costs (inspection, appraisal)
    • Repair and renovation budget
    • Cash reserves for unexpected expenses

    Common Mistakes Investors Make

    1. Forgetting prepaids

    Taxes and insurance are often prorated and due at closing.

    2. Underestimating repairs

    Always get contractor estimates before finalizing your budget.

    3. No reserves

    HVAC failures, vacancies, and unexpected repairs can wipe out returns without adequate reserves.

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