→ EARNEST MONEY DEPOSIT - This is done up front at the time of contract offer.

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→ APPRAISAL COST - This is done up front at the disclosure appointment with the lender.

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→ DOWN PAYMENT - Minimum investment required (if applicable).

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→ CLOSING COSTS - Costs incurred to get your loan processed, approved, and closed (i.e. appraisal, underwriting fee, title fees, etc.)

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→ PREPAIDS - Upfront property taxes, insurance and prepaid interest. If you have less than 20% down (or obtaining a FHA, USDA or VA loan) you are required to set up an escrow account for your future tax and insurance bills. You are also required to pay for a one-year insurance policy to the company of your choice along with some prepaid interest which is like a partial mini house payment for the remaining days in the month that you close on your new home.

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→ HOME INSPECTION COST - This is an optional charge. Please review with your real estate agent to decide. Not credited to down payment, closing costs or prepaids.

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→ WARRANTY COST - This is an optional charge. Please review with your real estate agent at the time of contract offer. Not credited to down payment, closing costs or prepaids.