Wild.Realty

I get this question a lot: “How much should I budget for closing costs when I buy a home?”

The answer depends on what your budget is, but this is a really good way to estimate it!

First take the number at the top end of your budget–say $350,000–and then do the math for the low end and the high end. The calculations look like this for $350,000:

Low end: $19,900 (3% $10,500 down payment)

High end: $56,650 (10% $35,000 down payment)

As you can see, the number really depends on how much money you put down.

Your agent will also be able to help you figure out how much to budget for depending on your unique situation. But using this guide will help you get a good estimation.