Ever wonder what your total cash to close would be to buy your home? Or how much money you will pocket from the sale of your home? Now there’s an app for that.
“Close It! is like Turbo Tax for real estate transactions,” said Todd Ewing, president of Federal Title who first conceived of the app last summer. “And the results are accurate within one-tenth of 1 percent on average.”
Close It! is the first mobile app that produces a complete, picture of cash to close and monthly mortgage payments for homebuyers and cash in pocket for home sellers. It’s free to download for iPad.
Title professionals across the country have used technology like this in-house for years now, but Close It! is the first app that makes it easy for homebuyers and sellers to produce a HUD-1 Settlement Statement – such as what would be reviewed and signed at the closing table – right from their mobile device.
Getting started with the app is as easy as entering a purchase or sales price. Then fine tune the results on a live, dynamic worksheet and instantly narrow down cash to close or cash in pocket with great accuracy.
Whether you’re shopping for homes or getting ready to sell, calculate your costs right on the spot with Close It!