Colorado Closing Cost Calculator

How cash to close adds up

Cash to close is what you wire or bring to the closing table. Start with your down payment. Add your closing costs. Then subtract the earnest money you already deposited and any credit the seller agreed to. Two documents give you your deal-specific number: the lender's Loan Estimate and Closing Disclosure.

The Colorado transfer-tax story

Colorado has no statewide real estate transfer tax. The state constitution bars new or increased transfer-tax rates on real property. A separate documentary fee still applies to many recorded transfers. The county clerk and recorder collects one cent for each $100, or major fraction, when consideration is over $500.

Some home-rule towns retained older local transfer taxes. Aspen, Breckenridge, and Vail are three current examples, not a complete list. Each town publishes its own rate, exemptions, filing steps, and liability rules. A contract can also say how buyer and seller divide a cost. That makes the exact property and the signed contract more useful than a statewide list.

What buyer closing costs include

Closing costs are the fees that come with getting your loan and recording the sale. They usually include the appraisal, the lender's loan fee, title insurance, setting up an escrow account, and money paid up front for property tax and homeowner's insurance. There is no one percentage that fits every Colorado deal. In some communities a homeowners association (HOA) or a metro district can add transfer, working-capital, or other fees. Start with an allowance, then replace it with the itemized figures from the lender and closing agent.