top of page
Writer's pictureAdam Garrett

Does the Day of the Month Matter for Closing? Not Much Typically w/ Decent Savings, Maybe if Living Paycheck to Paycheck or Getting Assistance

Updated: May 2



It's not uncommon for buyers and sellers, especially those with mortgages, to want to avoid closing at the beginning of the month, but does it really matter? For those with a mortgage, it impacts the timing of your first mortgage payment. Put simply, it matters for up to 2 months if your budget is tight & purchasing with a mortgage, but not nearly as much if you have a healthy savings account excepting certain down payment/closing cost assistance scenarios.

If Buying with a Mortgage

If Buying with Downpayment/Closing Cost Assistance

If Selling with a Mortgage

Buying & Selling Whether You Have a Mortgage or Not

What to Do if You Want to Compare the Details of Closing Timing

Related:


Overarching Related:

10 views0 comments

Recent Posts

See All
bottom of page