Chicagoland Closing-Cost Planner | Estimate Payment and Cash

David Braun Mortgage

Chicagoland Closing-Cost Planner

Estimate your monthly housing payment, down payment, closing costs and remaining cash needed after applying an earnest-money deposit.

Enter Your Homebuying Estimates

Use the property's estimated taxes, insurance and HOA payment whenever possible. The accuracy of the results depends on the information entered.

Purchase price

Property county Cook County DuPage County Will County Kane County Lake County McHenry County Kendall County Other Illinois County

Down payment percentage

Enter 10 for a 10 percent down payment.

Estimated interest rate

Enter 6.250 for a 6.250 percent estimate.

Estimated loan term 30 years 20 years 15 years

Annual property taxes

Annual homeowners insurance

Monthly HOA payment

Monthly mortgage insurance estimate

Enter zero if mortgage insurance does not apply.

Estimated closing-cost percentage

Used for general planning only.

Earnest money already deposited

Please enter a valid purchase price, down payment and financing estimate.

Estimated total monthly housing payment

$0

Planning estimate

Estimated Monthly Payment

Principal and interest $0

Property taxes $0

Homeowners insurance $0

Mortgage insurance $0

HOA payment $0

Total monthly estimate $0

Estimated Cash Calculation

Purchase price $0

Down-payment amount $0

Estimated loan amount $0

Estimated closing costs $0

Cash before earnest money $0

Earnest money entered $0

Remaining cash estimate $0

Estimated remaining cash after earnest money

$0 This planning estimate may not include all prepaid expenses, escrow deposits, discount points, reserves, mortgage-insurance charges, funding fees or other transaction-specific amounts.

How this estimate is calculated: estimated down payment plus the closing-cost estimate, minus the earnest money entered. An actual mortgage transaction may include lender credits, seller credits, prepaid expenses and additional requirements.

Important Planning Considerations

Property Taxes

Property taxes can materially affect the monthly housing payment. Research the specific property's current tax information instead of relying only on a general county average.

Homeowners Insurance

Insurance premiums depend on the property, coverage, deductible, claims history and insurer. Obtain a property-specific quote before closing.

Closing Costs

Actual closing costs depend on the mortgage program, property, settlement services, prepaid expenses, rate structure and negotiated credits.

Request a Personalized Mortgage Review

This planner provides a general estimate. David Braun can help you review your homebuying goals, expected payment, available funds and potential mortgage options through a secure application process.

Start a Secure Mortgage Application Call David: 312-656-0220 Explore Mortgage Resources

This planner is provided for general educational and planning purposes. It is not a Loan Estimate, Closing Disclosure, mortgage quote, offer to lend, approval, commitment, interest-rate lock or guarantee of terms. Actual interest rates, payments, property taxes, insurance, mortgage insurance, HOA charges, closing costs, prepaid expenses, reserves, cash requirements and loan terms may vary. Mortgage approval and terms are subject to application, verification, underwriting, property requirements and applicable program guidelines. David Braun, Mortgage Loan Officer, NMLS 303007. Equal Housing Opportunity.