How Much Cash Do I Need to Buy a Home besides the Down Payment?

Funds for Closing when buying a home in WAOne of the most common surprises for first-time buyers in Washington State is discovering that the down payment isn’t the only cash they need at closing. There are several other costs that require out-of-pocket funds — some before you even open escrow, and some that show up on your final Closing Disclosure.

Here’s a complete breakdown of what to budget for beyond the down payment. [Read more…]