Closing costs, fees, repairs: Here’s how much money you’ll need to have saved before buying a house


Buying a house can be expensive.

The typical U.S. home will set you back $287,148, according to a recent report from Zillow.

But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face.

Check out this video for a full breakdown of how much you should have in savings before making your big purchase.

More from Invest in You:
What your FICO score means and why you should pay attention
Josh Brown: How I explain the stock market vs. the economy
How insurance premiums and deductibles work

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.

CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Articles You May Like

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely
Test The Waters At A 19th Century Chateau In The Spa Town Of Vichy, France
Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer
Lower Manhattan turned into a 24/7 community after 9/11. Midtown NYC could heed this lesson post-pandemic.
Artist Elizabeth Sutton On The Art Of Licensing

Leave a Reply

Your email address will not be published. Required fields are marked *