Employee contributions are paid through payroll deductions. Please see the current State Disability Insurance Withholding Rate on the Tax Rate and Withholding Schedules. The SDI Withholding Rate for 2016 is 0.9 percent. The SDI taxable wage limit is $106,742 per employee for calendar year 2016. The maximum to withhold for each employee is $960.68. Employers who have questions about the contribution rate should contact their local Employment Tax Office.
The difference between closing costs and down payment doesn't really affect the bottom-line dollar amount that's needed at the closing table. After the escrow officer tallies up the buyer's debits and credits on the HUD-1 Settlement Sheet, there will only be one check to bring in when it's time to sign escrow papers.
In every case, the new home buyer should be aware of how much cash will be needed to navigate through the rules of down payment, cash-to-close, and earnest money. The amount of your down payment is dictated by your loan program, your available savings or your desired monthly payment. Your closing costs include all the fees you pay to get your mortgage. Some of these costs can be negated to be paid by the seller. Buying a home can require a lot of planning, legwork, and saving.