how many percent is needed for home closing cost?
How much cash you really need to buy a $200k home: Down payment: 10 percent of $200,000: $20,000: Closing costs: 2.5 percent of $180,000: $4,500: Prepaid expenses: 2 percent of $180,000: $3,600: Utility adjustments: Estimated: $500: Cash reserves: $1,200 mortgage payment x 2: $2,400: Total cash required: $31,000