What is cash to close?

Cash to close is the total amount you need to pay at closing. It typically includes your down payment, closing costs, and prepaid items, minus any lender credits or other credits (e.g. seller concessions) applied to your costs.

The Loan Estimate and Closing Disclosure include a “Calculating Cash to Close” section that shows how this number is derived. It can change if the loan amount, closing costs, or credits change before closing.

When comparing offers, cash to close tells you how much you need in the bank at settlement. A loan with a higher rate but large lender credits might have lower cash to close than a lower-rate loan with no credits. The tradeoff is more interest over time.

Enter each lender’s quote—including cash to close—into a comparison view so you can see how much you’d need to bring for each offer.