|
• |
A certified or bank
check for closing funds of
$1,000 or more made payable
to you or First Title Agency. The exact amount of the funds needed
may not be available until several hours before closing. However,
our closing staff will contact you as soon as that figure is
available. A good estimate can be determined by using this formula: |
|
• |
Sale Price |
|
|
+ |
Closing costs estimated by your lender on the Good Faith
Estimate |
|
|
+ |
Owner's policy premium (if you
elected coverage) |
|
|
- |
Amount you are borrowing |
|
|
- |
Amount of earnest money deposited
with Realtor or Seller |
|
|
|
|
|
= |
Approximate Amount Needed |
|
|
Using this formula will give you a
good estimate of the amount you will need at closing. Any difference
(less than $1,000) can be made up
in a personal check written by
you. Any overage will be refunded
right at closing. |
