Mortgage Closing Calculator
See exactly what you need to bring to closing — down payment, closing costs, reserves — and how much the seller can pay on your behalf.
Enter Your Details
Program description: Lowest down payment. Min 660 FICO. Max 90% LTV. Primary homes only.
Auto-calculated from LTV. Edit directly to override.
Your Estimated Closing Funds
Program: Alt 90 · LTV: 90%
Seller Concession — Ask Your Seller
Per PMG loan guidelines, sellers can contribute up to 6% of the purchase price toward your closing costs. Use this in your purchase negotiations.
⚠️ These figures are estimates for educational purposes only. Actual closing costs, reserves, and fees vary by transaction, title company, lender, credit profile, and loan terms. Contact PMG for a precise quote. Rate shown is a program midpoint estimate. NMLS# 2524161.
What Makes Up Your Closing Costs?
Here's a plain-language breakdown of each cost you'll typically see.
Origination Fee
The lender's fee for processing your loan — typically 1–2% of the loan amount. PMG charges approximately 1.5%.
Appraisal
An independent appraisal from a licensed appraiser confirms the property value. Required by PMG — typically $600–$700.
Title Insurance & Escrow
Protects you and the lender from ownership disputes on the property. Includes title company fees for handling the closing.
Prepaids
Upfront costs for property taxes (3 months prepaid into escrow) and your first year of homeowners insurance.
Reserves
Cash you must keep in the bank after closing — 3 to 6 months of total housing payment (PITIA) depending on your program.
Seller Concessions
Money the seller pays toward your closing costs at your request. PMG allows up to 6% of the purchase price — negotiate this in your offer.
Ready to Get Pre-Qualified?
Talk to a PMG loan specialist today — no SSN required. Se habla español.