answersLogoWhite

0

Can the cash for down payment includes the closing cost?

Updated: 8/18/2019
User Avatar

Wiki User

14y ago

Best Answer

A total down payment includes the required down payment for the loan and whatever settlement charges are not being paid by the seller.

If this is related to that FHA question earlier, it would be 3.5% plus whatever settlement charges aren't being paid by the seller. If you're coming up short, you might have the option of raising your interest rate and having less or no closing costs.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can the cash for down payment includes the closing cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the meaning of loan closing cost?

The loan closing cost is the final payment due after the term of payment of a load has expired and is usually a larger amount than the monthly amount which payable to the loaner.


Full dentures, Senior, cash payment! ?

It looks like you would like to get full dentures as a senior on a cash payment basis. I recommend contacting local dentists or denture clinics in your area to inquire about their pricing and payment options. Some offices may offer discounts for seniors or payment plans to help cover the cost of the dentures.


How do you calculate the benefits of payment terms?

The benefit of payment terms are considered cash flows. A price increase can offset the cost of having an account opened for extended periods of time.


How much does an ultrasound for ovarian cyst cost?

I just had one done today and it was $170, cash payment (no insurance). I am in Kansas.


Are cost of capital and marginal tax rate included on a cash flow statemnt?

Capital lease payments will affect cash flow from both operating activities and financing activities. A capital lease payment is treated as debt service. The portion of the payment applied to principal is a cash outflow from financing activities, and the portion applied to interest is a cash outflow from operating activities.


When refinancing after 2 years do you have to pay another closing cost or down payment?

Yes, there are fees to be paid, such as credit reports, appraisals, processing, taxes and insurance.


Cost of medical procedure without insurance?

Ask your physician what the cash price is for the procedure. Sometimes you can get a discount when you pay cash. You save the doctor's office from having to file with an insurance company for payment.


What actors and actresses appeared in Closing Cost - 2012?

The cast of Closing Cost - 2012 includes: Dan Greenleaf as Bob the Plumber Natasha Hatalsky as Ivana Wright David Lieb as James Wright Hilarie Wenzel as Jennifer


How much are closing cost loans?

Closing cost loans depends on the loan and credit of the individual applying for the loan. Sometimes closing cost can be included in the actual home loan itself.


What journal columns are used to record receiving cash from sales?

as a record cash payment bill.like the following:cash in hand (Dr)Sales or Sales Revenues (Cr)&Cost of goods Sold (Dr)inventory (Cr)


What is the average cost of a title loan in the US?

Total average closing cost fees in the US for a title loan are $3,024.00 dollars. This is based off of an average loan amount of $200,000. This fee includes average expenses incurred for the closing process.


What are the benefits of using a global cash card?

The benefits of using a global cash card include: instant payment, convenience, text and email alerts, and it is cost saving. The card is accepted world wide and often is more cost effective when using it as a means for payroll funds.