Are closing costs and down payment the same? No, but many consider the money you put down as part of the closing costs.

Other costs include fees to your lawyer, the title company, etc.


What happens to earnest money if the buyer backs out? It depends on the situation.

It may go to the buyer if he has good reason, or it may go to the seller if the buyer just walks away.

It could end up in court if there is a dispute about how the deal gets cancelled.


Does cash to close include down payment? Yes, it does.

It also includes your closing costs. Therefore, this sum can be large.

Your earnest money deposit helps offset this.