09/04/2026
🏡 Homebuyer Tip: Choose Your Closing Date Wisely
Did you know the day you close can affect how much cash you need at closing?
📅 Close earlier in the month:
✔️ More prepaid interest (longer time between closing and your first payment due)
✔️ Slightly more cash due at closing
📅 Close later in the month:
✔️ Less prepaid interest (less time between closing and your first payment due)
✔️ Slightly less cash due at closing
The loan amount, interest rate, and monthly payment stay the same. The difference is simply how much prepaid interest you’re paying upfront.
If you’re trying to keep more money in your pocket on closing day, a later closing date may help.
As always, every situation is different, so talk with your lender about the best timing for your purchase.
📍 Serving Sioux Falls, South Dakota and surrouning areas.
