financeflow

Loan basics

Home price

Also known as: purchase price, sale price

The agreed purchase price of the home before loan fees and closing costs.

Home price is the amount you agree to pay for the property. It is the starting point for calculating your down payment, loan amount, and often estimated property taxes and homeowners insurance. Closing costs and prepaid items are usually separate from the home price.

See also

Down paymentLoan amountProperty tax
Open calculators Full glossary View on hub page

Definitions are for general education. Loan products, insurance, and taxes vary by lender, location, and your situation. FinanceFlow calculators produce estimates only and are not a lender quote or professional advice.