Down payment
The down payment reduces the amount financed but is separate from many closing expenses.
Purchase cost review
Separate the down payment from the rest of the cash needed to close.
A buyer should understand the difference between down payment, lender costs, third-party charges, prepaid items, escrow deposits, and available credits.
Loan costs
Origination, underwriting, appraisal, credit, and pricing-related charges may appear in the loan estimate.
Third-party costs
Title, escrow, settlement, recording, inspections, and other services can affect the transaction.
Prepaid items
Interest, insurance, taxes, and initial escrow deposits can increase cash required at closing.
Credits
Seller or lender credits may reduce eligible costs under applicable rules.
Total cash to close
Review the entire transaction estimate before committing funds elsewhere.
Casas Equity