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TXR 1936 — Approximation of Buyer's Closing Costs

This form provides the buyer with a comprehensive approximation of all costs associated with purchasing the property, organized into three main categories: (1) closing costs (title fees, lender fees, inspections, etc.), (2) prepaid items (interest, tax deposits, insurance deposits, mortgage insuranc

Source: TXR
Form Number: 1936
Category: Other
Revised: February 1, 2018

Used For

Residential Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 1936 form is organized into the following sections:

  1. Header and Disclaimer
    Identifies the form and establishes that all figures are approximations, not guaranteed. This disclaimer protects the agent from liability if actual costs differ.
  2. Buyer and Property Information
    Captures the buyer's name, property address, and financing type. The financing type drives which costs apply and their amounts.
  3. Approximate Costs
    Comprehensive line-item breakdown of all estimated closing costs the buyer will incur, including professional fees, lender and loan fees, title costs, inspections, and government fees.
  4. Approximate Annual Costs
    Provides annual cost estimates for property taxes, homeowner's insurance, and flood insurance to give the buyer an overview of ongoing ownership costs.
  5. Prepaid Items
    Estimates the prepaid items the buyer must fund at closing, including per-diem interest, escrow deposits for taxes and insurance, mortgage insurance premiums, and prorated HOA fees.
  6. Approximate Total Cash Due at Closing
    Calculates the total estimated cash the buyer needs to bring to closing by adding the sales price to all costs and prepaids, then subtracting the loan amount and all credits.
  7. Approximate Monthly Payments
    Estimates the buyer's total monthly housing payment including principal, interest, property taxes, insurance, mortgage insurance, and HOA fees (PITIA).
  8. Prepared By and Buyer Acknowledgment
    Identifies who prepared the approximation and includes the buyer's initials acknowledging receipt of the document.

How RaiderX Agents Use This Form

When you upload a signed TXR 1936 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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