Cash to close
The down payment is not the whole check. Lender fees, title insurance, escrow reserves, and prepaid interest land on the closing statement.
APR folds some of this
APR helps compare lender packages because it includes many finance charges—still read the Loan Estimate line by line.
Tie to APR
Mistakes
- Shopping rate without comparing lender credits and points.
- Forgetting seller-side costs on the exit when modeling ownership.
Use the calculator
FAQ
- Who pays what?
Local custom and contract terms vary—verify for your market and negotiate before signing.