Sale Price
+ Closing costs estimated by your lender on the Good Faith Estimate
+ Owner's policy premium (if you elected coverage)
- Amount you are borrowing
- Amount of earnest money deposited with Realtor or Seller
= Approximate Amount Needed
Using this formula will give you a good estimate of the amount you will need at closing. Any difference (less than $1,000) can be made up
in a personal check written by you. Any overage will be refunded
right at closing.