How Much Money Do You Really Need to Buy a Home?

Buying a home isn’t just about the mortgage. You’ll need some cash up front. Here’s what to expect:

💰 Down Payment

• FHA: 3.5%
• Conventional: 3%-5%+
• VA/USDA: 0% (if eligible)

💸 Closing Costs

• Typically 2%-5% of the purchase price
• Covers attorney fees, title, taxes, lender fees

🔍 Other Upfront Costs

• Home inspection: ~$300-$600
• Appraisal: ~$400-$600
• Earnest money: 1%-2% of the price (applied to purchase)

The good news? Some programs offer down payment assistance or help with closing costs. I can point you in the right direction.