What is Cash to Close?
Cash to close is the total amount of money you need to bring to the closing table, including down payment, closing costs, prepaids, and other fees, minus any credits.
Cash to close is the final amount of money you must provide at closing to complete your mortgage. It includes your down payment, closing costs, prepaid items like property taxes and insurance, and any other fees, minus credits such as earnest money or seller concessions. Borrowers see this figure on the closing disclosure. Watch for changes between the loan estimate and closing disclosure; some costs can increase, but others are capped. Ensure you have the funds in a verifiable account and follow your lender's instructions for wiring or cashier's checks. Also, confirm what is included to avoid surprises.
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