Is it better to close at the beginning or end of the month?

Consider closing in the middle of the month. You’ll pay less prepaid interest than closing at the beginning and your lender shouldn’t be as busy. If you’re able to take advantage of a first-time homebuyer program to cover some or all of your closing costs, then closing early in the month can save you money.

Must Read

How long after you buy a house do you make your first payment?

Because your first mortgage payment is always due the first full month after you close, it will usually fall between one and two months after you finalize the purchase of your house.