Understanding Your Loan: Cash And Transaction Summaries
Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges.
If “Did this change?” is marked “YES” there will be explanation of the changes made regarding the cash to close.
The bottom line final “Cash to Close” is the money you will need in-hand within three business days of the closing.
Understanding Your Loan: Cash Transaction Summaries
If your transaction has a Seller the summary table will show a line by line comparison of Borrower to Seller transaction details.
If there is no Seller you may see a Payoffs and Payments table instead.
Review the summary tables to understand the transaction and your financial commitments at loan consummation.
Don’t let the amount of cash you need to close be a surprise, or a source of anxiety.
We’re experienced at helping our buyers estimate the cast to close requirement within a few hundred dollars, or less.
Let us help!
As the oldest and most established title company in Naples and Marco Island, our experienced staff is prepare to assist you with every aspect of your closing.
First Title & Abstract, Inc. — “Putting You FIRST!”