How Much Do You Need To Save For A Downpayment To Buy A House In Dallas

How Much Do You Need To Save For A Downpayment To Buy A House In Dallas

What could you be doing with the money that goes toward small purchases like your daily latte, an impulse magazine, or eating out for lunch? Saving up for a down payment, says Realtor.com, especially if you're looking to buy in Dallas.

Image title


The real estate website did the math for the nation's 15 largest cities, determining how much buyers need to save to eventually purchase a home. Texans actually have to save more per day over five years than residents of Chicago ($19.44), Philadelphia ($15.57), and Atlanta ($14.78).


Future Dallas homebuyers need to save $24.83 a day in order to accumulate enough cash for the average 13.6 percent Dallas down payment of $45,342.50. The website says the median Dallas home price is $333,400, and our hot real estate market is fueling ever-rising prices. If $25 a day is steep, you could save $12.42 a day over 10 years instead. 


Keep in mind that this is only an AVERAGE down payment.  FHA loans only require a down payment of 3.5% and Conventional loans only require a down payment of 5%.


So next time you might want to rethink that morning stop at Starbucks and extra glass of wine you order at dinner.  It could be keeping you in the rent race and costing you more than you think. 


To search homes in the Dallas area CLICK HERE.




Deborah Boyd Headshot
Author:
Phone: 940-368-1306
Dated: July 19th 2016
Views: 386
About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Spring Is The Time To Buy HOME - Spring is near and, warm weather mak
Open House Sat Feb 25 From 1 Til 3 11308 Seaside In Frisco - Join Home Team Realty Group for an o
Feb 23 2017 17359 1 - The Impact of Homeownership on Famil
Reasons Why Realtors Ask For A Preapproval - I always ask for a preapproval up fr

Our Bloggers

Comprar Casa DFW * - 1
Gabrielle Armstrong - 1
Cara Balderas - 32
Tami Bennett - 45
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 20
Moira Brunken - 18
Beverly Bryant - 23
Ana Cantu - 1
Lisa Cardillo - 52
Bob Cardillo - 4
Lucina Cervantes - 11
Gregory Cornett - 2
Angela Cotten - 65
Missie Craig - 12
Greg Cunningham - 2
Belinda Duff - 5
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 8
Leslie Fogle - 101
Larry Frassinelli - 6
Chad Gabriel - 58
Malci Gariani - 1
Shalee Garza - 10
Cassie Gillock - 2
Christina Gonzalez - 5
Wilma Goodwin - 2
William Graves - 5
Kristen Henderson - 1
Sandra Hunt - 81
Bill Hurd - 3
Gary Hutchings - 20
Rachel Jama - 47
Trenton Johnson - 15
Felicia Johnson - 78
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 8
Michele Lafortune - 22
Wanda Lewis - 2
Noreen Lodhi - 9
Stacy Lynn Massar - 27
Jennifer Menting - 17
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Keith Moses - 9
Mark Mulch - 19
Erick Murphy - 6
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kelly Oltmann - 4
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 50
Julie Ann Pickering - 85
Ann-Marie Pope - 2
Joshua Putman - 111
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Bethany Rowan - 15
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 210
Christine Shannon - 29
Rene Sinclair - 27
Shelby Smith - 3
Bryce Smith - 5
Monica Solkhon - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 207
Mary Taylor - 14
Kevin Taylor - 15
Julian Taylor - 17
Erica Taylor - 52
Angela Taylor - 1
Karla Terrell - 2
Joey Thomas - 2
Jason Todd - 24
Andrea Trimble - 55
Miguel Umana - 6
Diane Velez - 17
Debbie Viverito - 132
Nick Walton - 75
Spring Weeks - 9
Michael Worley - 160
Keisha York - 30
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

Other Locations