You’ll have to cover the down payment u003cemu003eandu003c/emu003e closing costs when you purchase a home. Closing costs, which cover things like lender fees, appraisal, credit reporting, and title fees, typically total 2 to 5 percent of the loan amount. Many down payment assistance programs can be used to help pay for closing costs as well. Or, you may be able to negotiate that the home seller covers part or all of your closing costs. (But this typically only happens in a buyers’ market.)