MORTGAGE ANSWERS
What Makes Up Cash to Close?
The down payment is only one part of the money a buyer may need at closing.
What to know.
Cash to close can include down payment, lender and title charges, taxes, insurance, prepaid interest and initial escrow funds, adjusted for deposits, lender credits and eligible seller credits. The Loan Estimate and Closing Disclosure help you review the numbers.
Talk through your own numbers.
Bring a target price and available funds so John can estimate the full transaction.
TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.