How much cash will I need?
Mike Bjork at Arbor Financial Group
Mike Bjork
Arbor Financial Group
Phone: (310) 923-1884
Email: [email protected]
NMLS# 275652
Company NMLS# 236669
Licensed in: CA, MN
Cash to Close and Savings Planner | Arbor Financial Group
How much cash will I need?
Cash to close
Other upfront costs
Emergency reserve
Savings goal
Why keep a reserve?
Estimates are not a quote
Affordability
Cash to Close
Assistance
Roadmap
Credit Report
Courses
Contact
Upfront money is different from your monthly payment. Plan the down payment, closing costs, and a reserve separately.
Estimated total upfront cash
Cash to close = down payment + closing costs, minus the earnest money you already paid and any seller credits. Final figures come from your Closing Disclosure.
Repairs, job changes, and surprise bills can arrive soon after closing. Keeping money available after you buy helps you avoid high-interest debt.
Closing costs and down payment minimums depend on your loan program, lender, state, and property. Ask for a Loan Estimate to compare exact figures.