Beyond your down payment, Ohio buyers pay closing costs of roughly 2% to 5% of the purchase price. On a $200,000 home, that is about $4,000 to $10,000 in cash at the table, which is why the budget has to be built before you start touring, not after.
Those costs cover the lender's fees, the appraisal, title insurance, escrow items like property taxes and homeowners insurance, and Ohio's state transfer tax. Some costs are fixed and some scale with price, so the percentage matters less than the line-by-line total for your specific loan.
Buyers often reduce the burden with seller credits or by rolling costs into the loan, and Ohio down payment assistance can cover part of both the down payment and closing costs for qualified buyers. I lay every dollar out on a single budget sheet before you commit to a number.
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Here to help, Melanie.
Loan programs, rates, and program details change. Verify current terms with a lender before relying on anything here. I serve every buyer and seller equally, in line with the Fair Housing Act.