Real Estate

Buying a house can be expensive.

The typical U.S. home will set you back $287,148, according to a recent report from Zillow.

But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face.

Check out this video for a full breakdown of how much you should have in savings before making your big purchase.

More from Invest in You:
What your FICO score means and why you should pay attention
Josh Brown: How I explain the stock market vs. the economy
How insurance premiums and deductibles work

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.

CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Articles You May Like

Stocks making the biggest moves midday: Citigroup, Manchester United, Nordstrom, Tesla and more
Mortgage demand rises 2.2% as interest rates decline slightly
Qatar reviews investments in London after ad ban on buses and Tube
Feds greenlight key O’Hare terminal project
Defying forecasts, crude oil prices have wiped out most of this year’s gains and could head lower