Seth Lester

How much cash do you need to buy a home? Your down payment is only part of the answer. Closing costs, prepaid taxes and insurance can add to the total. Seller credits or assistance programs may help, depending on your situation. Let’s estimate your monthly payment and cash needed to close before you start shopping, so you know what fits your budget.

A lower mortgage rate doesn’t always mean a better deal. What does it cost to get that rate? Compare points, lender fees, APR and cash needed to close alongside the monthly payment. How long you expect to keep the loan matters, too. If you’re comparing offers, send them over. I’ll help you understand the differences so you can choose what fits your plans.