The amount of cash you need to bring to a house closing depends on several factors, including the purchase price of the property, the down payment you are making, and the closing costs you are responsible for paying.
Closing costs typically include fees for things like title searches, appraisals, attorney fees, and loan origination fees, and can range from 2% to 5% of the purchase price of the property. The exact amount of your closing costs will depend on the specific details of your transaction. This is in addition to your down payment.
In general, it’s a good idea to contact your lender and title company several days before the closing to get an estimate of the amount you will need to bring to the closing in cash or in the form of a cashier’s check.
Your lender will provide you with a loan estimate, which will outline your closing costs, including the down payment and any other fees you are responsible for paying. The title company will provide you with a closing disclosure, which will outline the final costs and the amount you will need to bring to the closing.
In some cases, you may be able to wire the funds directly to the title company in advance of the closing. It’s important to make sure you have the funds available in your account before the closing to avoid any delays or complications.