10/06/2026
How much cash do I need at closing? 🤔
I get this question on almost every call. And most people are surprised by the answer, because it's more than the down payment.
Here's how it works. Your cash to close is your down payment plus your closing costs. Then we subtract what you already paid, like your deposit, and any credits, like help from the seller.
Closing costs come in two groups:
🏠 Costs for the loan and the house: the appraisal, title insurance, loan fees, and recording fees. In Florida, the state also taxes the mortgage itself (doc stamps and intangible tax).
📅 Your future bills, paid early: your first year of homeowners insurance, a cushion for property taxes and insurance in your escrow account, and interest for the rest of the month you close. That part isn't a fee. It's your money, set aside for your own bills.
Just so you're prepared: your Closing Disclosure must arrive at least 3 business days before closing. But the number on it often isn't final yet. After the last adjustments, you usually see your final cash to close 1–2 days before you sign.
And one protective tip from me 🛡️ Before you wire a penny, call your title company at a number you already know. Not the number in the email. Scammers send fake wiring instructions that look real.
What surprised you most about closing costs? Tell me in the comments 👇
Want to see your own numbers before you look at homes? Call 321-804-8118.
Natallia Mann | NMLS #2014061 | iMortgage4u, Inc. | NMLS #2322976 | Equal Housing Opportunity
