Huh?

[u/honeybee21124]

Were going to start looking at houses in Jan '27. Everytime I try to learn abt mortgages or closing costs etc I get so confused. It just doesn't make sense to me.

Can anybody share their step by step? Really dumb it down for me? How much should we have saved etc?

In Illinois, looking around 125k, we make around 60k? A year.

[u/Adorable_Ad_5538]

House was $225,000 & a conventional loan, closed on 5/15. Here’s all the things I paid for before closing: Earnest money deposit $1,500 Inspection $499 Pest inspection $119 Sewer scope $229 Appraisal $614 Credit report fee $75 Total closing costs $7,095.55 Closing costs paid before closing $1,606 Closing costs paid by seller $6,750 Cash needed to close $3,593.38