How Closing Costs Impact Interest Rate Calculator
Should I pay closing costs now or roll them into my monthly mortgage payment? All loans have closing costs. These can include items such as credit checks, appraisals, title transfers and other fees that are incurred during the process of buying a home. Closing costs can be paid up front, or rolled into your monthly mortgage payment.
If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.