Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho May 19, 2023

What is Cash to Close?

"Cash to Close" refers to the total amount of money that a homebuyer needs to bring to the closing table to complete the purchase of a property. It includes the down payment, closing costs, and other fees associated with the home purchase. How is it Calculated? The cash to close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final … [Read more...]

Filed Under: Real Estate Tagged With: Cash to Close, Closing Costs, Real Estate

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