Mortgage Payment & Closing-Cost Estimator
Model your total estimated monthly payment and itemized closing costs across Conventional, FHA, and VA loan programs. Built to provide clear, transparent calculations using standard Southern California underwriting guidelines.
Optimal for borrowers with established credit (680+). Minimum down payment starts at 3% for first-time buyers or 5% standard. Private Mortgage Insurance (PMI) is required when putting down less than 20%, and can be removed at 20% equity (it cancels automatically at 22%).
Itemized Closing-Cost Estimate
A transparent breakdown of typical third-party, lender, and escrow fees for residential acquisitions in San Bernardino and Riverside counties.
| Fee Category & Description | Estimated Amount |
|---|---|
| A. Origination Charges (Lender & Processing Services) | |
| Lender Underwriting & Processing Standard institutional file audit and underwriting review | $1,295 |
| Tri-Merge Credit Bureau Report Direct repository report (Equifax, Experian, TransUnion) | $75 |
| Flood Zone Determination & Monitoring Federal FEMA flood certification | $20 |
| Tax Service Monitoring Fee Verification of county parcel tax records | $75 |
| B. Services You Cannot Shop For | |
| Independent Appraisal Fee Licensed appraiser physical inspection and valuation (SoCal average) | $650 |
| C. Title & Escrow Services (Services You Can Shop For) | |
| Escrow Settlement Closing Fee Escrow holder closing fee (~$2.00 per $1,000 + $250 base) | $1,550 |
| Lender's Title Insurance Policy Title company policy protecting lender interest | $1,188 |
| Title Endorsements, Wire & Courier Electronic recording and wire transfer fees | $200 |
| E. Taxes & Government Recording Fees | |
| County Recording Fees (Deed of Trust) County recorder official document recording | $175 |
| Total Estimated Non-Recurring Closing Costs | $5,228 |
| F & G. Prepaids & Initial Escrow Account Reserves | |
| Prepaid Homeowners Insurance Premium (12 Months) Full initial annual policy premium paid at closing | $1,500 |
| Prepaid Per-Diem Daily Interest (15 Days Estimated) Daily interest from closing date to end of month | $1,649 |
| Property Tax Escrow Cushion (3 Months Reserve) Impound account cushion for upcoming county tax bill | $1,950 |
| Homeowners Insurance Escrow Cushion (2 Months Reserve) Impound account cushion for insurance renewal | $250 |
| Total Estimated Prepaids & Escrow Reserves | $5,349 |
| H. Government Upfront Fees (Program Specific) | |
| Upfront Mortgage Insurance Premium (FHA UFMIP 1.75%) Financed into total loan balance — $0 out-of-pocket cash | $0 |
| ESTIMATED TOTAL CASH REQUIRED TO CLOSE Down payment + non-recurring closing costs + prepaids & reserves | $43,077 |
Conventional vs. FHA vs. VA Program Overview
Direct comparison modeled on our internal advisory sheet. Shows how each loan structure performs for your target purchase price.
Official Estimate Disclaimer: Every numerical figure displayed on this page is an educational estimate for initial planning purposes only. Actual interest rates, closing costs, property taxes, insurance premiums, and loan-level price adjustments vary by lender, individual credit profile, property parcel, and daily market movements. Your exact costs are set out in the formal Loan Estimate (LE) and Closing Disclosure (CD) issued by the lender.
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