Your exact cash to close will be communicated to you via a 1 sentence email the day of or the day before closing probably. This will be confirmed by the title company which cannot (and does not) know any of the details until the bank sends the paperwork work over after they issue the clear to close which is usually 1-2 days or even overnight the night before. You should however have a pretty good idea. The only surprise will be if you owe less. They will not spring anything on you like oh yeah you owe 10 grand more. They might though say you get an extra 0.5% rate reduction.
Yes but, this is why you the CD is only a guideline.
My initial CD listed Closing Costs $12146.55 and Cash to Close at $8020.55 which I knew was wrong because of the simple math of how much the points cost.
My Final CD listed Closing Costs $12146.65 and Cash to Close at $ 11747.65 which is more along the lines of what I thought to begin with.
The exact cash to close email read “Final CD is approved for closing. Cash to close $11,787.65”. I didn’t get that until after business hours the night before. At 930am the morning of I got this confirmation from the title company “The final amount he buyer needs for closing is $11,787.65” so in other words I got 3 different amounts and the correct one didn’t come through until just a couple hours before closing.
You will see on all of your CDs a breakout of the closing costs. My intial CD did not include the prepaid taxes in the cash to close which is where the discrepancy laid but still when you are talking about exact amounts I got a different value at every step.