Скачать или смотреть Closing Costs vs Prepaids: The EASIEST Explanation Ever

Buying a home? One of the most confusing parts is understanding your cash-to-close.
And it’s usually because TWO different things get mixed together: closing costs and prepaids.

In this short video, I break it down simply:

🔹 Closing costs = one-time fees that make your loan + home purchase happen
(lender fees, appraisal, title search, title insurance, recording fees)

🔹 Prepaids = upfront payments for future bills
(homeowners insurance, property taxes, prepaid interest, escrow reserves)

💡 Example:
On a $300,000 home →
• Closing costs ≈ $9,000
• Prepaids ≈ $800–$1,000

Remember:
Closing costs pay for the work that gets you into the home.
Prepaids cover the bills that come afterward.

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