A general guideline is to save for a down payment of at least 10% of the home’s purchase price and count on closing costs between 2-5% of the price of the home.
The specific amount of money you should have before buying a house can vary based on many factors, like the price of the home and the type of mortgage you choose. A general guideline is to save for a down payment of at least 10% of the home’s purchase price and count on closing costs between 2-5% of the price of the home.