Down Payment & Closing Costs

1.Home price

Home price

2.Down payment

Down payment (%)

0%80%

Purchase method

3.Closing costs

Level of detail

Closing costs (%)

1%10%

Common reference: closing costs are usually between 3% and 6% of the home price.

Planning estimate. Validate figures with your bank and notary.

What to consider before setting a down payment and closing budget

Frequently asked questions

What items are usually included in closing costs?

They may include acquisition taxes, notary fees, registry rights, certificates, appraisal, and, when financing is used, an opening fee. The exact breakdown depends on the transaction.

How much should I reserve in addition to the down payment?

As an initial reference, you can estimate 3% to 6% of the price, but the accurate amount should come from current quotes from the notary, lender, and other providers involved.

Do closing costs change when buying with cash?

Yes. A cash purchase normally avoids appraisals and fees required by a mortgage, but it still includes taxes, notary work, registry fees, and other deed-related costs.