Down payment vs closing cost vs cash to close | TigerDroppings.com

Posted byMessage
aparke7
LSU Fan
Madisonville
Member since Nov 2007
231 posts

Down payment vs closing cost vs cash to close


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







Back to top
Share:
aparke7
LSU Fan
Madisonville
Member since Nov 2007
231 posts

re: Down payment vs closing cost vs cash to close


Bump





Back to top
LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4824 posts

re: Down payment vs closing cost vs cash to close


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.







Back to top
  Replies (0)
hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1924 posts

re: Down payment vs closing cost vs cash to close


:spank:







Back to top
  Replies (0)


Back to top