Zillow Advice: Buying Process - When will rent back rent start to count, as of COE or after COE? http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ Zillow Advice | Zillow Real Estate This is an old post but this ... http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ <p>This is an old post but this is a question that pops up all the time - most recently on a closing I had last week.&nbsp;&nbsp; The answer is that PITI is paid on a ddaily basis for each 24 hour period that the seller is in occupancy.&nbsp;&nbsp; You ccan't count a 24 hour period until after it is over so the first day starts the day you close but finished the day after that.&nbsp;&nbsp; That is day 1.&nbsp;&nbsp; It is the same thing with your mortgage because when you make your mortgage payment you are actually paying for all the interest and principal that accrued the month prior to the payment being due.&nbsp;&nbsp;&nbsp; And the banks collect from the date they fund - which is&nbsp;normally the day before you actually own the house.&nbsp;&nbsp;&nbsp; So your agent is correct.</p> Sun, 17 Jun 2012 15:01:00 GMT http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ 2012-06-17T15:01:00Z I agree with Rudi's comment.&nbsp; ... http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ I agree with Rudi's comment.&nbsp; Does one day's difference really make that much difference?&nbsp; If you were talking about many days or weeks, maybe its worth concerning yourself over ...... but just one day - 24 hours or less - its not worth the heart-burn and mental anguish!!&nbsp; Enjoy your new home!! Thu, 14 Jul 2011 19:14:00 GMT http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ 2011-07-14T19:14:00Z One day's PITI payment is ... http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ One day's PITI payment is hardly anything to be upset about. Relax and get ready to enjoy your new home.<br/><br/>Happy funding, Rudi Thu, 14 Jul 2011 16:06:00 GMT http://www.zillow.com/advice-thread/When-will-rent-back-rent-start-to-count-as-of-COE-or-after-COE/407321/ 2011-07-14T16:06:00Z