How Much Do I Need To Buy My First House File

To buy your first house in , you generally need between 7% and 15% of the home's purchase price in liquid cash. While down payments can be as low as 0% to 3.5% , additional upfront costs like closing fees and "prepaids" often double the actual cash required at the signing table. Upfront Cash Requirements

For a median-priced U.S. home of , your estimated "cash to close" would range from $24,000 to $45,000 depending on your loan type. 1. Down Payment (3% – 20%)