Down payment vs closing cost vs cash to close | TigerDroppings.com
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aparke7
LSU Fan
Madisonville
Member since Nov 2007
235 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


aparke7
LSU Fan
Madisonville
Member since Nov 2007
235 posts

re: Down payment vs closing cost vs cash to close
Bump


LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
5340 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.



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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1995 posts

re: Down payment vs closing cost vs cash to close
:spank:



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