Buying a home is easy
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Getting a mortgage is a big deal. It’s also quite expensive, especially when you add in the cost of closing. The good news is that there are online tools that can help you manage your mortgage closing costs so that they don’t become a surprise come the closing day! 


Closing costs are the fees associated with buying a home, such as appraisals, inspections, and title fees¹. They vary by state and change annually. Understanding what they are and how they’re calculated is essential.

Here is How You Can Manage Your Mortgage Closing Costs With Online Tools

Do Your Research

The first step in managing your closing costs is knowing what they are. To do this, you’ll need to know how much money you have for closing costs and how much of that money you want to spend on them. You also need to know the total money you have available for your down payment and closing costs combined.


Once you know these three things, you can start looking at homes and comparing them based on their price per square foot or price per bedroom. If one house has a lower price per square foot than another but higher closing costs, it may be worth checking out. It may still be cheaper overall once you consider all factors involved in buying a home, such as interest rates and taxes.

Calculate Your Mortgage Closing Costs

Use an online calculator or app like Zillow’s Mortgage Closing Cost Estimator to get an idea of the amount you’ll be shelling out during this process. It can help give you a sense of how much you’ll need to save up before going through with the purchase — and it may also help prevent any surprises down the road.


This calculator lets you compare how much each service will cost you at different lenders. It also includes an estimator tool. It lets you estimate how much closing costs might be based on the loan you qualify for and down payment amounts.

Compare Quotes From Multiple Lenders

Before choosing who will provide your loan, compare multiple lenders. You should receive sound advice from your real estate agent about which lender offers their clients the best rates and terms. However, it never hurts to research on your own, especially if you’re shopping around for a mortgage with a high down payment (20 percent or more)².


Compare loan rates and fees from several lenders and ask about their rate lock options, which can help you predict how much money you’ll need for closing costs. You may also want to consider an independent mortgage broker who can shop around on your behalf and find the best deal.

Set Up Email Alerts for Your Favourite Lenders

If you’re looking to buy a home soon, consider setting up email alerts to know when new listings come on the market that meet your criteria. That way, you can take advantage of the recent changes in mortgage interest rates and ensure that you get the best deal possible on your new home loan.


Keep up with market changes and get notified when rates or fees change with email alerts. Sign up for email alerts from multiple lenders and compare those results side by side, so you get the best deals.

Manage Your Mortgage Closing Costs Now!

You can save money by getting your mortgage through a bank or credit union, but you’ll still need to budget for closing costs. These fees will vary depending on the type of loan you get. They can also vary from one lender to another, so it’s important to understand your options and where you stand when closing costs.


“About Mountain West Financial and the CalPATH Home Loan Program

Mountain West Financial is the exclusive lender offering CalPATH, the #1 home loan program for Teachers, Police Officers, Firefighters, and other public employees who serve our local California communities.

You may contact our CalPATH Hotline @ 800-310-7577, seven days a week from (8:30 am to 8:00 pm) or visit our website A CalPATH advisor will be standing by to answer (any & all) questions you may have about the home buying or refinance process.

We look forward to working with you soon!


Joe Moore

CalPATH Division Manager

NMLS #333648″


Links to Sources Used 

  1. What is included in closing costs?
  2. How much mortgage downpayment do you need?