How Much Cash Do I Need to Buy a Home?
Did anyone else grow up thinking they had to put 20% down to buy a home? News Flash: You don't!
To start off, it's important to know that your monthly payment will include taxes, insurance, mortgage payment and any other fees such as condo or HOA fees. This number is what a lot of home buyers are focused on when purchasing a home, and it’s important, but also important is having a realistic idea of how much money you’ll need UP FRONT before your monthly payments begin.
Here are the up front costs of buying a home.