From: vze8f3tq@verizon.net (v)
Newsgroups: misc.consumers.house
Subject: Re: Closing Day Dilemma
Date: Tue, 08 Jun 2004 19:23:22 GMT

On 7 Jun 2004 08:13:55 -0700, someone wrote:

>.... the interest you'll pay with your first mortgage payment is
>already built into your budget...

What are you using for a budget????  Either you close late in the
month before, pay only a little at closing and then a full payment
right away, or you close early the next month, pay more at the
closing, but then have more time to raise the big payment.  Dollars
per day works out the same and within 2 months it is a wash.  You
actually pay less total $ the second way because you have not bought
the house as soon, so less days of interest.

-v.