Infographic: A Dollar a Day
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Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of Realtors®. With the most recent median existing-home price clocking in at $258,300, a 6 percent down payment is $15,498. NAR has some simple suggestions for potential homebuyers on how they can cut costs and save for that down payment.