How Much Cash Do I Need to Buy a House?

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These numbers are assuming you use an FHA loan with 3.5% down.

Closing costs also typically average 3%. 

However, it is important to remember that a down payment can depend on a variety of different factors. 

It can be a lot more or a lot less. 

When figuring out how much you need to save to buy a property, it can be helpful to use a mortgage calculator so you can also get an estimate of how much your monthly payment would be with different down payments. 

Need help figuring out those numbers?

Check out https://www.affordthedream.com/calculators
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