Because different lenders charge different fees, I don't, Morgan. That is something that I encourage the buyers to obtain from the lender with whom they are working.

Neither  for me. And for multiple reasons. 

None of the above 

I do both.

I have no use for those calculators.

My clients tend to use neither. Their loan officers provide the appropriate mortgage calculations and I can give them closing costs outside of loan costs in a nanosecond.

Closing costs very much depend on the local environment, meaning there may be specific city, town or county taxes, stamp taxes, luxury taxes and so on, so "standard" calculators are of minimal use.

Not really, but it's something I do manually as a high level estimate for clients during discussions.

I find them both useful. Closing costs change depending on the terms of an offer and multiple options show the seller an approximate payout at closing. The mortgage calculators can be used to calculate approximate payments and in one case was used to show the buyers the small difference in monthly P&I was less than 10 per month. That closed the deal. Most Title Companies in our area offer a Closing Cost Calculator on their sites. I use them all the time for the sellers.

I do agree that Buyers should have a Mortgage Broker pre-qualify them and should receive a Good Faith Estimate which are more accurate in each situation. I do not usually calculate mortgage costs for buyers but have used them for owner financing situations and balloon mortgage offers so the sellers and buyers understand the terms of an offer.

Most important about these calculations is that they are ESTIMATES. The actual & final closing costs should come from the Mortgage Brokers & Title Companies, not an agent.

I have the tools. I use the tools however my best practice is to leave the mortgage calculations to my trusted lender and closing cost estimates to my trusted escrow officer.  

Some are better than others.

Neither but I do encourage them to utilize the complete array of services they provide

The more information the less fear, doubt or remorse. So all the bells and whistles... not just property on your website. Put everything you need in there like real estate take out to digest and learn what to expect ahead of buyers and sellers. 

I try to stay in my own lane and let the pros handle most. I do an estimated net sheet for sellers, but that's it!

I never tried that Morgan Taylor but then again I don't believe my mortgage calculator actual brought me leads either.

I don't have any use for CC calculators. They're never correct, and I can figure it out more easily before the title company gives us the official settlement figures.
My CCIM tools are much better in terms of amortization schedules etc.

For buyer's I strongly prefer to have them work with a lender. If they are wanting to know their monthly PITI costs, a good lender will help the client figure out how something could work and will draw on a pool of available programs and options to do it. The agent and/or buyer/borrower sitting down with their mortgage calculator may come up with a plan that is either not workable or not the best. Plus there's the liability of coming up with numbers that end up being slightly different.  All that said, there are clients and times and situations where having access to a mortgage calculator is helpful. We have one on our MLS that I typically use if I need one. Any such uses are accompanied with the disclosure that these are estimated numbers to get us in the ball park - actual numbers may vary. There is a time and place for most every tool.

Morgan,

We agree with both Richard Weeks and Michael Jacobs .

For those just vaguely interested in buying/borrowing, these tools can provide very broad info, Morgan Taylor ... but for someone more seriously considering buying/borrowing or closer to actually taking action, they are of little help.  Dependable and more specific info must be obtained from an actual mortgage lender at that time.

As so many here state, there are just too many unknowns and variables involved in today's mortgage programs and quotes to overlook this important step ... as EARLY as possible in the buying/financing process ...

Gene

Too many potential variables. Not something I'd feel comfortable doing.  Leave that to lenders and title companies.

I had them but never used them....only regular calculators.... 

Neither attract leads, but both may be helpful to your clients.

If I was working with a buyer I'd have them speak to the mortgage person directly but for those who are just dipping their feet in the pool I have a mortgage calculator on my website. Nothing wrong with getting a rough idea on what the payments would be at different price points. It has never occurred to me to add a Closing Cost Calculator. 

Everyone has them but do they use them? Would be nice to know if they had a click rate or something.

Everyone used to say how great having a MLS search on FB & no one ever used it for 3 years.

No.  Closing costs are between 1% and 1.25% of purchase price out here.  No calculator needed.

My recommendation to buyer is to ask their lender and get a loan estimate.

I really don't bother with that Morgan..;)

Better to have your buyers talk to your mortgage broker first

No.

they vary too much

I like Mortgage calculators 

These days where buyer agent no longer pre qual their own agents, it is more of a tool for the loan officer. An agent should know the basic costs of closing be able to quote a range, not an exact amount, leave that to the loan officer 

Getting pigeon holed with inaccurate information does not do anyone any good. So many variables to contend with they're about as useful as a Zestimate Morgan.

We do provide an estimated net sheet with our listing agreement, but not for gaining leads.

I don't

They are all different, so I don't use an app at all.

I find it helpful to encourage buyer to request/receive their Good Faith Estimate from lender asap.  Multiple factors affecte buyer costs such as credit score and other factors that may be outside your knowledge.  The lender is providing the loan and thus are responsible under guidelines to provide accurate figures.   You don't want your buyer questioning why your closing figures differ from their banks!  However, many state associations provide buyer closing cost forms for this purpose and informing/alerting buyer of estimated costs they may incur.  So check with your State.  Be sure to emphasize the word "Estimate."

Boy, I never use my mortgage calculator anymore.

No.

Neither are useful for leads but I do use the closing cost calulator provided by my Title Company to estimated net for Sellers. Buyers get their numbers from the lender.

We do the calculations ourselves manually.

Title company forced me to buy it and I will only ask title company to provide the estimated cost.  Given the lawsuit for mispleading clients, let title company provide the cost.