What Does Buying a Home with 3.5% Down Cost?
What does buying a home with just 3.5% down actually look like? 🏡 Let’s break down the numbers on this Stockton home! 📍 3389 Juliet Rd, Stockton, CA 🏡 Purchase Price: $399,000 💰 FHA Down Payment (3.5%): $13,965 🔑 Estimated Cash to Close: $25,395 📊 Estimated Monthly Payment: $3,060 That monthly payment includes principal, interest, property taxes, homeowners insurance, and FHA mortgage insurance. Here’s something buyers often overlook: Your down payment isn’t necessarily the only money you’ll need to purchase a home. And here’s where having the right team matters. Negotiating seller credits could potentially help reduce your upfront closing costs! Every buyer’s financial situation is different, and these numbers are estimates, not guaranteed terms. Curious what buying a home could look like for YOU? DM me CASA and let’s run your numbers! 🗝️ Estimates are based on an illustrative FHA financing scenario. Actual rates, payments, closing costs, and eligibility vary. HOA fees, if applicable, are not included. Listing Courtesy of @anapachecorealtor