A typical down payment ranges from 5% to 20% of the home's price. So, if you're eyeing a $300,000 home, you’ll want to save anywhere from $15,000 to $60,000.
Tip: Aim for 20% if you want to avoid private mortgage insurance (PMI) and lower your monthly payment! Every dollar saved brings you one step closer to the front door of your dream home! 💫
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