Difference Between Earnest Money Deposit, Closing Costs and Downpayment

If you’ve ever wondered what the differences are between Earnest Money Deposit (aka EMD), Closing Costs or a Downpayment we answer those questions. Its very common for people buying a house to confuse their earnest money with a downpayment. Also closing costs can be a number of times, but your down payment is not a closing cost.

Todd and Oana, two Las Vegas real estate agents, give a detailed explanation of closing costs as well as earnest money and what exactly is a downpayment and how they are related.

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