Theresa Shoptaw, Real Estate Agent
2 years ago
Okay, but what does it actually cost to buy a home? I'm here to break it down for you.
➡️ Down payment
Estimated cost: On average, 6%-7% of purchase price (for first-time buyers)
➡️ Closing costs
Estimated cost: 2%-6% of the loan amount
➡️ Moving
Estimated cost: Under $2,500 for most local moves; higher for longer distances or heavier loads
➡️ Down payment
Estimated cost: On average, 6%-7% of purchase price (for first-time buyers)
➡️ Closing costs
Estimated cost: 2%-6% of the loan amount
➡️ Moving
Estimated cost: Under $2,500 for most local moves; higher for longer distances or heavier loads
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