Cash to Close
The total amount of money the borrower must bring to the closing table in certified funds.
Cash to close is the sum of the down payment, closing costs, prepaid items like the first year of homeowner's insurance and the property-tax reserve, and any required reserves, minus credits from the lender, the seller, or earnest money already on deposit.
The exact number appears on the Closing Disclosure, which must reach you at least three business days before closing. By that point, the figure should be stable; if anything material moves after, you generally get another three-day waiting period.
Cash to close almost always has to arrive by wire transfer or cashier's check, personal checks above a small threshold typically aren't accepted. Wire fraud at closing is a real threat, so always verify wire instructions by phone with someone you've already spoken to before sending funds.
Related terms
Other terms you'll see alongside Cash to Close
The five-page final-numbers document a lender must deliver to the borrower at least three business days before closing.
The collection of fees and prepaid items, separate from the down payment, that a borrower pays at closing.
The portion of a home's purchase price the buyer pays out of pocket up front, with the mortgage covering the rest.
A good-faith cash deposit a buyer puts down when offering on a home, typically held in escrow until closing.
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