How much money do you actually need saved to buy your first home? In this episode, I break down the "it depends" answer with a simple framework you can use to set a realistic savings goal for 2026, 2027, or whenever you're ready. You'll learn the three categories of money you need to plan for, what makes the number change based on your market and lifestyle, and how to think about your down payment in a way that supports your real life, not just a generic rule of thumb.
In This Episode, You Will Learn
A clear framework to calculate your personal homebuying savings target.
The 3 categories you need to save for (and why most buyers only plan for one.)
How to decide what down payment amount makes sense for your goals and season of life.
What influences closing costs and why location can change the number dramatically.
What "cash to close" really means so you can plan with confidence.
The often-forgotten post-closing expenses that can surprise new homeowners.
How to set a savings goal based on timeline, lifestyle, and monthly payment comfort.
What to consider if you want to explore down payment assistance in your area.
A sanity-check baseline estimate to help you stop guessing and start planning.
Resources + Links
Check out this Mortgage Calculator!
Check out the Average Closing Costs by State (use percentage, NOT dollar amount)
Get Your FREE Homebuying Masterclass HERE
Follow
Instagram: @iamstacierihl
Website: stacierihl.com
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