: Budget 1% to 4% of your home’s total value annually for repairs and upkeep. For a $400,000 home, that is $4,000 to $16,000 per year .
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 how much does it actually cost to buy a house
: 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. : Budget 1% to 4% of your home’s
: Appraisal ($300–$1,000), home inspection ($300–$500), and title insurance ($300–$2,500+). In 2026, the median home price in the U