How Much Money Should You Save To Buy A House Apr 2026

Buying a house is less about one "magic number" and more about clearing three specific financial hurdles. 1. The Down Payment (3% to 20%)

Lenders often want to see that you aren’t draining your bank account to zero. They may require in a savings account as a safety net. Additionally, you’ll want a "maintenance fund" for the inevitable immediate repairs (like a leaky faucet or a new lawnmower). how much money should you save to buy a house

Example: On a $400,000 home, a 3.5% down payment is . 2. Closing Costs (2% to 5%) Buying a house is less about one "magic