03/20/2026
Costs of Buying a House
Subject Property - $300,000
1. Earnest Money Deposit - $3,000
(Typically, 1% of the purchase price.)
2. Home Inspection - $800
(DO NOT skip this!)
3. Appraisal - $500
(Your lender may reimburse you for this at closing.)
4. Downpayment - $9,000
(Can be anywhere from 3% to 20% or more of the purchase price.)
5. Closing Costs - $9,000
(Typically, 2-3% of the purchase price)
Total amount needed - $19,300
Shayla Garner REALTOR®
Keller Williams Classic Realty NW
The Chambers Team
612-849-7512
