Your deposit has already been paid, so it comes off the total. Any money the builder pays toward closing comes off too.
If a number on your Closing Disclosure does not match what you expected, ask your lender and us before closing day.
What is cash to close, and does it include my deposit?
Cash to close is what you bring on closing day. It is your down payment and closing costs, minus your deposit and any credits from the builder.
More questions
- How much do I need for a down payment on a new home?It can be $0. You do not need to be a veteran or a first-time home buyer.Read the answer
- How much is the deposit on a new construction home?The deposit is as low as $1,000. You pay it after you are pre-approved and have found the home you want, and you get it back at closing.Read the answer
- Who pays closing costs on a new construction home?Often the builder. When you use the builder's lender, the builder often pays your closing costs, so you keep your savings for the move.Read the answer
- What will I spend on moving into a new home?Plan for the move itself, first-month utility deposits, and things the home may not come with, like blinds, a fridge or a washer and dryer.Read the answer