I get this one all the time: “Wait, I thought my down payment was all I needed?” Surprise! There’s a little more to it. Here’s the breakdown.

Cash to close includes:
– ✅ Your down payment (yes, that part’s obvious)
– ✅ Closing costs (think appraisal, title fees, lender fees, etc.)
– ✅ Prepaids (property taxes, insurance, and a few interest days)

How much do I need?
Rule of thumb: 2–4% of the home price *on top* of the down payment.

When do I pay it?
Right before closing — usually a wire to the title company. You’ll get a document called the **Closing Disclosure** that spells out every penny.

The upside:
No surprise bills later. You walk into your new home with keys, not mystery fees.