Buyer education
The down payment is one piece of what you bring to closing. Cash to close is the full amount due at closing — down payment plus closing costs and prepaid items, minus any deposits you already paid and any credits applied. Only a licensed lender can produce your real number, and it appears on the disclosures they provide.
The down payment is the portion of the purchase price you pay yourself rather than finance. Cash to close is everything you actually need available on closing day.
Buyers who plan only for the down payment are often surprised at closing. Planning for cash to close removes that surprise.
The exact components depend on your loan, state, and transaction, but usually include:
Your lender provides written disclosures during the process — an estimate early on, and a final statement before closing. Those documents are the source of truth for your cash to close.
No agent, website, or calculator can produce that figure for you, because it depends on your loan program, credit profile, property, and closing date.
A practical sequence that avoids surprises:
Nubuild coordinates the conversation so financing questions reach a licensed lender early, and so any builder or seller credit is documented and reflected where it belongs. That way the comparison between homes uses estimated monthly payment and estimated cash to close, not list price alone.
Nubuild is not a lender. Loan programs, eligibility, and any figures are confirmed with a licensed lender, and builder or seller terms are confirmed in writing before you commit.
The down payment is the part of the purchase price you are not financing. Cash to close is the total amount due at closing: the down payment plus closing costs and prepaid items, minus deposits already paid and any credits that apply.
From a licensed lender. They provide written disclosures during the process, including a final statement before closing. That is the accurate figure for your specific loan, property, and closing date.
It can, depending on the transaction and loan program, because credits are applied within defined limits and toward specific costs. Ask your lender how a particular credit would apply in your case, and get the credit documented in writing.
We will connect you with a licensed lender for your figures and help you compare homes on payment and cash to close rather than list price.
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