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.

- First, determine the buyer close fee (%).
- Next, determine the total financing amount ($).
- Next, gather the formula from above = BYC = CFC/100 * FA.
- Finally, calculate the Buyer Cost.
- 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