Closing Costs in Nevada How much does it cost to buy a home? Many home buyers, especially first time home buyers do not have a clear understanding of what it costs to purchase a home. Your down payment amount is based on the type of loan you have and the sales price minus the earnest money deposit. A FHA loan is typically 3.5% of the purchase price, conventional loans range from 5% to 20% down.  There are many different type of mortgages/loans and your lender and Realtor can explain which … [Read more...]