Demystifying 'Cash to Close'

Navigating the complexities of mortgage terminology can often feel overwhelming, especially when you're on the brink of closing a real estate deal. A common term that leaves many potential homeowners puzzled is ‘Cash to Close.’ This image presents a clear breakdown on what this entails, both in 'Mortgage Speak' and in plain, understandable English.

In essence, 'Cash to Close' refers to the total amount of money you will need to pay at the closing of a property purchase. This figure encompasses your down payment, closing costs, and any prepaid expenses like property taxes and homeowners insurance. By providing these clear definitions, NEXA Lending aims to simplify the home buying process and ensure buyers are fully informed and prepared when it comes time to seal the deal.

Krista Shipley, Mortgage Loan Originator at NEXA Lending. NMLS #2072353. Call (715) 220-2365.

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