05/28/2026
How Much Money Do You Really Need to Buy a Home?
Some buyers think they need 20% down to get started.
The truth is, many buyers can purchase a home with as little as 3% to 5% down, depending on the loan program.
But that’s not the only number to think about.
You also need to budget for:
Closing costs.
Earnest money.
Inspection and appraisal fees.
Moving expenses.
A small reserve for after you close.
So instead of asking, “Can I afford a house?” a better question is:
“What do I need to comfortably buy one?”
Your Real Estate Educator & Advocate
Comment HOME, and I’ll send you a simple breakdown.