: Includes origination (0.5%–1% of loan), underwriting ($300–$900), and credit reports (~$35).
: Lenders often require 6 to 12 months of property taxes and homeowners insurance paid upfront into an escrow account. Ongoing Monthly Expenses how much does it actually cost to buy a house
Maintenance is the most underestimated cost of homeownership. : Includes origination (0
Buying a house is more than just saving for a down payment. In 2026, the median home price in the U.S. is approximately , and the total cash needed to cross the finish line often ranges from $47,000 to $55,000 for a typical $400,000 home with 5% down. Upfront "Cash-to-Close" Costs Buying a house is more than just saving for a down payment
: Appraisal ($300–$1,000), home inspection ($300–$500), and title insurance ($300–$2,500+).
: Your initial equity stake. While 20% is the gold standard to avoid extra fees, the average first-time buyer now puts down about 10% . Conventional loans : 3% to 5% minimum. FHA loans : 3.5% minimum. VA/USDA loans : 0% down for qualified buyers. Closing Costs : Typically 2% to 5% of the loan amount.