Cash to Close on a $350,000 Home
Estimate cash to close on a $350,000 home from your down payment, closing costs, credits and deposit. See how two changes affect the amount due.
In this guide
In this example, $37,000 is still due at closing on a $350,000 home. The buyer puts $35,000 down, has $10,000 in closing costs and prepaids, receives a confirmed $3,000 credit and has already paid a $5,000 deposit credited on the disclosure.
Build the total from the disclosure
| Item | Example amount |
|---|---|
| Down payment | $35,000 |
| Closing costs excluding prepaids | $7,000 |
| Prepaids and initial escrow | $3,000 |
| Applicable credit | −$3,000 |
| Deposit already credited | −$5,000 |
| Cash still due | $37,000 |
The deposit reduces the cash still due. Including it, the purchase takes $42,000 in total upfront cash in this example.
Test two changes separately
If the usable credit drops to $2,400 and the other figures stay fixed, the amount due rises to $37,600. If the credit instead stays at $3,000 and prepaid costs rise to $3,450, the amount due rises to $37,450. If both changes occur, set aside $38,050 under these assumptions.
What should I verify before sending money?
Compare the latest disclosure with your deposit receipt and signed credit agreement. Ask the closing agent to explain differences and confirm the actual amount and payment instructions through a previously verified contact. The CFPB Closing Disclosure guide explains where these figures appear.
Compare closing-day cash and first-year costs with your own figures.
Explore this topic further
Check your assumptions with these tools and related guides.
Try a relevant calculator
- Albany Home Repair Reimbursement Cash Calculator — Model upfront cash for an Albany repair with a user-entered reimbursement percentage and cap.
- Dallas New Build Escrow Tax Budget Calculator — Compare housing cash using earlier and completed-home tax amounts for a Dallas new build.
- Home Equity Loan Fee Ratio Calculator — Measure how upfront fees affect the cash received and financed principal.
- Budget Planner (50/30/20) — Split take-home pay into needs, wants and savings.
Read related guides
- Bridge Loan Cost Between Selling and Buying a Home: Cash-Flow Guide
- Compare Cash and Financing for a Buffalo Home Repair
- Home Equity Loan Versus Cash-Out Refinance at Low First-Mortgage Rate
Further reading
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This guide is general education, not personalized financial advice. Rates, limits and rules change; confirm current figures with the lender, issuer or agency before you act. See our financial disclaimer and affiliate disclosure.
