Understand down payments and closing costs in NC, what “cash to close” means, and how buyers can plan for a smooth purchase.

Down payment is only one part of what you’ll need. Buyers also pay closing costs—lender/title fees and prepaid items—often called “cash to close.” Planning early prevents surprises.

Down payment: not always 20%

Some buyers put less down, but your best down payment is the one that doesn’t drain you.

Closing costs: the other bucket

Closing costs may include:

• Lender/origination fees

• Title/attorney fees

• Prepaids (insurance/taxes)

• Recording fees

Triangle-specific note

HOAs, tax rates, and price points vary by town—so “typical” numbers aren’t always typical. Your estimate should be local and tied to your loan.

FAQ:

• Are closing costs included in the down payment? No—separate.

• Can sellers pay closing costs? Sometimes, depending on terms and loan rules.

What is “cash to close”? Down payment + closing costs + prepaids.

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Want a simple “cash-to-close estimate” for your price range? I’ll run one.