Dicno LabsClosing
Estimate seller concessions and how they may reduce buyer closing cost needs.
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Seller credits, also called seller concessions, are amounts a seller agrees to contribute toward buyer closing costs or prepaid items. They can help reduce cash needed at closing, but loan programs often limit how much can be contributed.
This calculator estimates seller credit dollars from either a percentage or a fixed amount, then compares that credit with estimated buyer closing costs.
Use this as a planning tool with your lender or agent when evaluating offers, credits, and total cash needed.
This calculator is for educational and planning purposes only. It is not financial advice, a loan approval, a tax bill, or a lender quote.
Calculator
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Formula
Seller credit is estimated from the greater of the fixed credit amount or purchase price multiplied by seller credit percentage. Remaining costs equal closing costs minus seller credit, not below zero.
On a $400,000 purchase, a 2% seller credit equals $8,000. If closing costs are $12,000, the buyer may still need about $4,000 for those costs before considering other prepaid items.
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Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
Seller Credit Calculator is an educational planning tool. Use the result as a starting point, then compare it with written lender, servicer, tax, or closing documents when available.
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