04/09/2026
Ready to own your dream home 🌴 Homeownership is a great way to build wealth, but it’s important to budget for all the costs involved. From down payments to closing costs and ongoing maintenance, I’m here to guide you through every step! 🏠✨
Costs of Buying a Home
The Down Payment: Typically 3% to 20% of the home’s price. A larger down payment can lower your monthly mortgage and help you avoid extra fees.
PMI (Private Mortgage Insurance): Usually required if your down payment is less than 20%. It’s a monthly fee that protects the lender, but it can be removed once you build enough equity.
Closing Costs: One-time fees paid at the end of the deal, usually 2% to 5% of the purchase price. This covers the appraisal, title search, and lender fees.
Monthly Extras: Beyond the mortgage, remember to budget for Property Taxes, Homeowners Insurance, and HOA fees (common in South Florida communities).
Moving & Maintenance: Set aside funds for the move itself and an annual “rainy day” fund (1%–3% of home value) for repairs and upkeep.
📲 Scan the QR code in the video or click the link in my bio to get your FIRST-TIME BUYER GUIDE!
Have questions? Feel free to reach out—I’m here to help! 📞
