One of the first inquiries you’ll be able to ponder when you begin planning for owning a home is the amount of money ought i save yourself before you buy a property?’ There is lots that goes in you to matter, off insurance premiums and you may property taxes towards closing costs and down-payment.

But how much is an advance payment for the a house? The average down payment toward a house try any where from 5 to 6 % of home’s full purchase price. Particularly, in the event the home costs $250,000, the typical down payment will be between $twelve,500 and you may $fifteen,000.