Getting to the Closing Table Is Only Part of the Plan
The goal is not simply to have enough money to buy the home. It is to leave yourself enough room to feel steady after you receive the keys.
Think About Your Money in Three Parts
1. Your Down Payment
This is the portion of the home’s price you pay upfront. Some buyers put down 20%. Many do not.
2. Your Purchase Costs
These may include the inspection, lender and settlement fees, and money collected upfront for taxes and insurance.
Assistance programs, seller contributions, lender credits, or an eligible gift may reduce how much of your own money you need to bring.
3. The Money You Keep
Moving, unexpected repairs, and a new monthly payment are easier to manage when buying the home does not use every available dollar.
The right amount is not just what gets you through closing—it is what helps you feel prepared for what comes afterward.
Before deciding how much money you may need, ask yourself:
What might I need for the down payment and other purchase costs?
Could any available help reduce what I need to bring myself?
How much would I like to have left after closing so I still feel steady?
Ready to keep exploring?
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