How much money do I need to buy a house?
It takes a long time to pay off a house, but here are the costs you will have to pay right away:
- Down Payment or Deposit: This is a percent of the price of your house. You pay this money when you decide to buy the home.
- Transfer Cost: After the actual cost of the home, or purchase price, you have to pay the transfer costs. You must pay this cost before the house can be transferred into your name.