You can use our Mortgage Calculator to estimate your monthly housing budget and the corresponding mortgage you can afford.

Down Payment: Typically 3%–5% of the home’s price, depending on loan type and lender. For example, 5% of a $250,000 home is $7,500.
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Closing Costs: Usually 2%–5% of the loan amount. These can sometimes be negotiated or reduced. Many sellers may help with your closing costs too.
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Move-In Expenses: Budget for immediate costs like repairs, upgrades, and furniture.

Many states and local governments offer programs for first-time buyers, including:

• Low-interest loans
• Down payment and closing cost assistance
• Tax credits or rebates
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Talking to a Pro, can help you find the option you're looking for.