Are you wondering about how much money you should set aside to cover closing costs?

 

If you are in a situation where you have the ability to stockpile cash and it won't affect your timeline to get into a home - Do It! There are a few things you will have to pay for upfront and those are: 1) Earnest Money, 2) Inspection & Related Items.  The rest of the costs will be paid at closing. 

It is said to estimate between 1-3% of the purchase price for closing costs (depending on the loan type). Now, we can ask the seller to "contribute" to your closing costs, but depending on the current mar