How Much Money Should I Save To Buy A House Apr 2026

While you can technically close with much less—sometimes as little as of the home price—saving a larger amount provides a critical safety net for closing costs and immediate post-move expenses. Upfront Cost Breakdown

: These are fees for finalizing the loan, including appraisals, title insurance, and taxes. On a $400,000 home, expect to pay $8,000 to $20,000 at the closing table. how much money should i save to buy a house

: This "good faith" deposit is paid when your offer is accepted and is later credited toward your down payment. While you can technically close with much less—sometimes

: This is your initial equity stake. While 20% is often cited to avoid Private Mortgage Insurance (PMI) , first-time buyers in 2025 put down a median of just 9% . and taxes. On a $400