Financial Rundown

How much do you need to buy a house?

Here is a quick financial rundown

  1. Down Payments: aim for 3-5% of the home's price.
  2. Closing Costs: typically 1-2% to cover title exam and insurance, recording, attorney/escrow services, loan fees if applicable. 
  3. Prepaid costs: Budget for initial insurance and real estate taxes.
  4. Maintenance Funds: Set aside 1.5% of the home's value annually.
  5. Find Assistance: Explore programs, especially for first-time buyers. 

Want to Learn More?

Schedule a HOME BUYER CONSULTATION Now! ==>

  

Pauline Lee | (617) 965-1988 x205 | pauline@indmortgage.com 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.