If the Owner of the home agrees to pay closing costs, would the down payment go towards principal?We're buying a house for 70k and the owner has agreed to pay all closing costs. We're buying through the Georgia Dream Home ownership program, and they provide 5k assistance towards down payment.If the closing costs are taken care of, would they put all of the 5k towards principal, making our loan come down to 65k? Or would they pay only 3% of the loan amount?February 13 2014 - Macon00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.