Upfront cost estimates on a $3ooK home
Upfront Costs: Out-of-pocket cost
-Down Payment
-Closing Costs
-Moving Costs (Utility Transfers, Moving Trucks, ETC…)
Down Payment
Down Payment all depends on the Type of Loan you use (Based on Primary Residence and not Investment)
FHA Loan: 3.5% down which would equal $10,500 on $300,000
Conventional Loan: 5 to 10% down usually
Rural Development is also an option in certain areas, which is a zero down payment option (a little higher to get at this price point)
Closing Costs
Closing Costs on average 2-5% of the Home Purchase Price:
Middle Ground is let’s say 3.5% so about $10,500.
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There are so many options to help you get into a new home. Reach out to be and we can discuss you new home and upfront costs. I would love to help you.
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