The Difference in Closing Costs vs Prepaids

Of all the expenses that come with buying a home, prepaid costs can sometimes take buyers by surprise. (And while we all love a good surprise, you definitely don't want one in the buying process!). So, here's what to know:

Prepaid costs are upfront cash payments you make at closing for various mortgage expenses before they’re actually due. Funds are held in escrow until needed. They include:  

- Initial escrow deposit
- Homeowner’s insurance premiums
- Real estate property taxes
- Mortgage interest 

Prepaids are separate from closing costs which include the title search, appraisal, and cost of processing the loan. 

Curious about what your bottom line would be if you purchased a home? Want to buy but don't want surprises? Reach out and let’s crunch the numbers!

best realtor in Norwalk
Norwalk’s leading real estate agent
Top Norwalk realtor
The best agent in Norwalk
home for sale in Norwalk iowa
homes for sale in Norwalk iowa
house for sale in Norwalk iowa
condos for sale in Norwalk iowa
condominiums for sale in Norwalk iowa
Buy real estate in Norwalk iowa
Sell real estate in Norwalk iowa
buy a home in Norwalk iowa
buy a house in Norwalk iowa
buy a condo
buy a condominium
sell my condo
sell my condominium
buy a norwalk lot
sell a norwalk lot
sell norwalk land
buy land in Norwalk iowa
list my home in Norwalk iowa
list my house
list my condominium
list my norwalk condo
Norwalk home prices
Norwalk condo prices
condominium prices
local realtor in Norwalk iowa
realtor near me
hire a realtor
real estate broker
real estate agency in Norwalk iowa
real estate agent in Norwalk iowa
Favorite norwalk realtor