Enter the buyer close fee (%) and the total financing amount ($) into the Calculator. The calculator will evaluate the Buyer Cost. 

Buyer Cost Formula

BYC = CFC/100 * FA

Variables:

  • BYC is the Buyer Cost ($)
  • CFC is the buyer close fee (%)
  • FA is the total financing amount ($)

To calculate Buyer Costs, divide the buyer close percentage rate by 100, then multiply by the total financing amount.

How to Calculate Buyer Cost?

The following steps outline how to calculate the Buyer Cost.

  1. First, determine the buyer close fee (%). 
  2. Next, determine the total financing amount ($). 
  3. Next, gather the formula from above = BYC = CFC/100 * FA.
  4. Finally, calculate the Buyer Cost.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

buyer close fee (%) = 2.5

total financing amount ($) = 500000