$500K home · $100K down · Richmond, VA$500,000 home · $100,000 down · Richmond, VA · 780+ · Primary
Your quote
| Closing cost | Typical lender | CapCenter |
|---|---|---|
| Owner's title insurance | $2,400 | ZERO |
| Origination fee | $1,300 | ZERO |
| Settlement agent | $635 | ZERO |
| Appraisal | $500 | ZERO |
| Title services | $385 | ZERO |
| Lender's title insurance | $200 | ZERO |
| Data services | $100 | ZERO |
| Credit report | $50 | ZERO |
| Flood certification | $10 | ZERO |
| ZERO Closing Cost Savings | $5,580 | |
| Plus: CapCenter Realty Credit | $2,500 | |
| Total savings | $8,080 | |
The items marked as “ZERO” above are either waived or paid for by CapCenter when you close your loan. On your Loan Estimate or Closing Disclosure, these items may appear as costs, but they will be offset by a lender credit. The industry costs shown are estimated averages based on cost comparisons with other lenders. As a result, other lenders’ actual fees may be lower or higher than illustrated.
Rates are subject to change without notice.
The estimates shown above are based on the selections you’ve made and the following assumptions:
- Borrower(s) credit score(s) of 780 or higher.
- You will escrow property taxes, homeowner’s insurance, and, if needed, flood insurance.
- For Veterans Affairs (“VA”) loans:
- Regular refinance: Loan will be an Interest Rate Reduction Refinance Loan (IRRRL)
- Cash-out refinance: You have previously used a VA loan.
- All transactions: The VA Funding Fee will be financed into the loan amount and not paid at closing
- For Federal Housing Administration (“FHA”) loans:
- Regular (no cash out) refinance: Loan will be an FHA Streamline Loan.
- The Upfront Mortgage Insurance Premium will be financed into the loan amount and not paid at closing
The estimated “cash to close” shown above doesn’t include the following prepaid items:
- Prepaid interest: Depending on your closing date, you may be required to pay interest on your loan to cover the gap between closing and your first payment due date.
- Prepaid homeowner’s insurance and/or property taxes: If your homeowner’s insurance and/or property taxes are due within 60 days of your closing date, you may be required to pay these amounts in advance at closing.
- Funding your escrow amount: If your loan has an escrow account, you may be required to fund it with a portion of your homeowner’s insurance and/or property taxes. This ensures that there is enough in the account to make the payments when they are due. The amount you may be required to fund upfront depends on your closing date and the due dates of your homeowner’s insurance and property taxes.
If you apply for a loan, a CapCenter Loan Consultant will walk through loan term options personalized to you. Additional fees not shown here may apply in some circumstances. You can find more information in our Offer details.
Also, please note that when you proceed with a CapCenter loan, you will be charged an upfront Good Faith Deposit, which will be refunded in full if you close your loan. However, if you don’t close your loan, CapCenter may keep some or all of your Good Faith Deposit to offset any fees paid by CapCenter on your behalf (marked “ZERO”).
About the CapCenter Mortgage Calculator
Our free Mortgage Calculator turns a few details about your home into a real, itemized mortgage quote: your estimated monthly payment, your closing costs, and exactly how much you save with CapCenter. There’s no signup and no credit pull to see your numbers, so you can explore as many scenarios as you like before you ever talk to a loan officer.
Most calculators stop at principal & interest. This one goes further: because CapCenter waives lender closing costs on every loan, your quote shows what a typical lender would charge in fees right next to our ZERO, so the savings aren’t a claim, they’re a line item. Unbelievable savings.
How to calculate your monthly mortgage payment
A monthly mortgage payment is built from four parts, often shortened to PITI (Principal, Interest, Taxes & Insurance) plus any HOA dues. Here’s what goes into the figure this calculator estimates:
- PPrincipal is the part of each payment that pays down your loan balance.
- IInterest is what the lender charges on your balance, set by your rate. Choose a different rate in the calculator and this updates instantly.
- TTaxes vary by locality, so you enter the figure for your address to keep the estimate honest.
- IInsurance means homeowners insurance, plus mortgage insurance (PMI) if you put down less than 20%.
- +HOA dues are any homeowners-association dues, added on top. Enter yours on the Monthly payment tab.
A closing cost calculator that reads ZERO
Closing costs are the fees due when your loan funds: origination, title, settlement, appraisal, and a handful of smaller line items. On a typical loan they add up to thousands of dollars on top of your down payment. Use the How you save tab as a closing cost calculator: it lists each fee a conventional lender charges, then shows CapCenter’s side at ZERO.
Bundle and save: buy with a CapCenter Realty agent and a realty credit stacks on top, so your total savings climb even higher. The calculator always shows both figures — your Mortgage Savings on their own, and your savings when bundled with CapCenter Realty.
Mortgage Calculator FAQ
Is the mortgage quote really free?
Yes. Your free mortgage quote takes seconds, asks for no personal contact information, and never affects your credit. It's an estimate you can run as many times as you want.
How do you calculate a monthly mortgage payment?
We calculate principal & interest from your loan amount, rate, and term, then add your property taxes, homeowners insurance, any mortgage insurance, and HOA dues to estimate the full monthly payment.
What does the closing cost calculator include?
It itemizes the lender fees on a conventional loan (origination, title insurance, settlement, appraisal, and more) and compares them to CapCenter's ZERO Closing Costs, so you can see your savings fee by fee.
How accurate is my mortgage quote?
Your quote is a close estimate based on today's rates and the details you enter. Final numbers are confirmed once you apply and lock your rate, and a CapCenter loan officer, who isn't paid on commission, will walk you through every line.