Calculating Your Cash To Close

Calculating Your Cash To Close

Page 2 of the Loan Estimate provides the current ESTIMATED cash to close.

Some costs will stay the same between estimate and closing. Some will change.

A - Origination Charges - should match.

B - Cant Shop - 10percent Tolerance

C - Can Shop - no tolerance limit, BUT IF you select a provider from your lenders list their actual cost should be no more than 10 percent greater than the estimate.

D - Recording Fees are also subject to 10 percent tolerance

E - Prepaids

F - Initial Escrow

G Other items , such as Owners Title may vary from the Loan Estimate without tolerance limits.

These estimates of closing costs plus loan details, Down Payment, Deposits Credits and Adjustments are used to calculate your estimated cash requirements when the loan finally closes.

Consider the possible changes and tolerances when evaluating a loan decision.

1951 Properties
Page 1 of 163
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc.

Listing information last updated on June 14, 2024 at 12:45 AM EST.

Post a Comment