💰 How Much Is a 3.5% Down Payment on a $400K Home?
- Home Price: $400,000
- Down Payment (3.5% for an FHA Loan): $400,000 × 0.035 = $14,000
💡 Why This Matters
- With an FHA loan, you can get into a home with just $14K down instead of tens of thousands.
- Combine this with first-time buyer grants or down payment assistance, and your out-of-pocket cost could be even lower.
💬 Our Take
At Trealtorr, we help first-time buyers figure out exactly how much they need upfront, including grants, closing costs, and any assistance you qualify for — so there are no surprises.
📲 Call or text us today at +1 (347) 831-6085 — let’s see how we can get you into your first home with the lowest possible down payment!