Tough question. I’ll bet the difference is in the earnest money deposit. You can run some scenarios on my web site.

Hi Skyline,
Cash from borrower is the money you are putting down and Estimate Charges are your closing cost charges So, by what you are asking, you need $20,000 to $21,000, give and take at settlement.
I can explain to you in detail, if I had your GFE infront of me.
Feel free to call me with any questions. I have been in business for over 10 years.

Shehla Karim ABR, Realtor, ASP Certified Stager
Weichert Realtors
Cell: 610-659-4869
W: 610-647-5600 x139

Skyline,

I agree with Chris. Without seeing the entire GFE it's hard to give you an answer and, for me, that is mainly because I've witnessed different mortgage companies calling one item many different things. And if you're not using a mortgage professional reccommended by your Realtor I would still take the other GFE to the Realtor's preferred lender. I have taken competitor GFEs to my perferred lender, Larry Long of Trident Mortgage, and he has never had a problem talking to me and my clients about them and showing us how he could do better.

Best of luck with your new home in Downingtown!
Regards,
Krista Fuchs, Realtor
Cell - (484) 459-8025
Prudential Fox & Roach Realtors
(484) 875-2600
Blog- http://www.activerain.com/blogs/kristaresidential

Skyline,
The best thing for you to do is to talk to your home mortgage consultant. They will be able to explain the numbers in great detail. Without having the entire GFE in front of me, it is difficult to say for sure what the details are.

What should happen is that within 24-48 prior to your settlement, your title company should be able to put together a "HUD" sheet or "Housing and urban development". This outlines, in great detail, where every single cent is going, and it will also give you an exact number for what you need to bring to the settlement table.

Typically, that number is usually very close to the GFE. When it is not, it is usually because something like a capital contribution fee was missed, or something similar to that.

I hope that helps. Your real estate agent should be able to help you with this as well.

Warmest Regards,
Chris LaGarde
Home Buyer Specialist
The Cindy Dickerman Team
Keller Williams Real Estate


Email \ chris@cindydickerman.com
Office \ 610.363.4300
Mobile \ 484.995.9318
Web \ http://www.cindydickerman.com
100 Campbell Blvd,Suite 106,
Exton, Pa 19341