If you are using financing to purchase a property, the amount financed is the portion of the purchase price, and optionally the rehab costs, that will be financed by your lender.

In most cases, the amount financed will equal the starting balance of the new loan.

However, it is possible for the starting loan amount to be slightly higher. This can happen, for example, if some of the purchase costs will be financed by your lender, or if additional PMI will be added to the starting loan balance.