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Started By
Message
Down payment vs closing cost vs cash to close
Posted on 9/22/12 at 12:01 am
Posted on 9/22/12 at 12:01 am
Ive been looking at purchasing a home within the next 6-9 months and have started doing some research on FHA loans.
I know down payments for these loans are at least 3.5%, can someone clarify the closing and cash to close.
TIA
I know down payments for these loans are at least 3.5%, can someone clarify the closing and cash to close.
TIA
1
Posted on 9/23/12 at 7:22 pm to aparke7
Bump
Posted on 9/23/12 at 11:22 pm to aparke7
Down payment- what you bring to closing that will go into equity
Closing costs- pre-paids (escrow & interest) + lender fees (origination, filing fees, etc)
Cash at closing- down payment + closing costs.
Closing costs- pre-paids (escrow & interest) + lender fees (origination, filing fees, etc)
Cash at closing- down payment + closing costs.
Posted on 9/24/12 at 1:43 pm to lsu tigerdog
:spank: 
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