Escrow & Title
A Virginia purchase transaction's Closing Disclosure shows a 'cash to close' of $42,000 for the buyer. This amount includes:
AOnly the down payment
BDown payment, closing costs, prepaid items, and adjustments, minus any credits or lender credits✓ Correct
COnly closing costs
DThe entire purchase price
Explanation
Cash to close is the total amount the buyer must bring to closing. It includes: down payment + closing costs + prepaid items – lender credits – seller concessions – earnest money already deposited.
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