Even though you can afford a hefty down-payment, coupling they that have closing costs make they difficult to been up with money you desire to own a financial statement home loan. The average borrower will pay ranging from 3 per cent and you may four per cent away from the home loan amount in conclusion will set you back.
Utilising the analogy above, closing costs on an excellent $450,000 mortgage shall be between $thirteen,five hundred and $twenty two,five hundred. Very, having a deposit