“What Happens when the Closing Date Changes?”

    “What Happens when the Closing Date Changes?”



Hello Joe,

The seller pushed back the closing date to 11/10, very frustrating especially since we were supposed to close on the 30th and my mortgage has been clear to close for 3 weeks. I have a few questions:

1. Will I have to bring more money to close (currently I need to bring 17,425)?

2. What would my first mortgage payment be?

3. How does this effect the pro rated taxes and etc I have to pay?

4. When would my first mortgage payment be, is it still going to be $2611?

5. What else has changed/ will change since the closing date is no longer 10/31?

6. Do I need to sign/fill out any additional documents?

Thank you for all your help, so glad my mom recommended you!


Fortunately for this client nothing much is going to change other than the number of days of pre-paid interest will go from 1 day to 20 days. Most importantly, her interest rate doesn’t expire until the 13th and since interest rates have increased since the loan was originally locked, we are good.


There are always many moving parts in every mortgage and real estate transaction. This one for the most part will have a happy ending, but that’s not always the case.


Image courtesy of DavidCastillo/freedigitalphotos.net


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 4 commentsJoe Petrowsky • November 30 2017 02:09PM


Good morning, Joe Petrowsky the interest rate didn't change and that was the important factor....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 11 days ago

A slip in closing date happens quite often here. Your client had some intelligent questions!

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, 914-419-0270, kat@thehousekat.com) 11 days ago

Good mornng Joe. Luckily everything turned out well for the buyer. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 11 days ago

The only time this gets to be a problem is when an interest rate lock expires.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 11 days ago