Closing costs on property

[Jonathan Farber]

Is it possible to pay more to close on a property than what is shown on your HUD 1 doc? I just got a property under contract in New York. I am reviewing the HUD 1 Doc and the total "cash to close" figure is lower than what was actually needed to financially close on the property.

What I am stuck on is the fact that the HUD shows all the charges but it seems lower. The figures are:

Earnest money:  15K

Title Insurance / recording/Tax fees:  15K

Cash to close:  75K

Total 105K

But the bottom line of the HUD in area of "cash at settlement from borrower" is

99K

Am I just missing something here?  Or who would be someone who handles these regularly to do a walk through?

Thank you!