Saving Money To Buy A Home Apr 2026

Before you put away your first dollar, you need to know exactly how much you need. Your total "entry cost" is more than just a down payment.

Survey: What’s love (and real estate) got to do with it? - Opendoor saving money to buy a home

According to the 30/30/3 Rule , you should aim to have a 10% cash buffer for unexpected repairs or maintenance after moving in. Before you put away your first dollar, you

While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time buyers succeed with as little as 3% to 6% . and lender charges.

Once you have your target, choose a timeline that fits your income.

Plan for 3% to 4% of the purchase price to cover taxes, attorney fees, and lender charges.