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How much money did you have left in savings after closing?

Forum Opinion Poll
under $5,000 21 30.88%
$5,000 - $10,000 9 13.24%
$10,000 - $15,000 11 16.18%
$15,000 - $20,000 4 5.88%
$20,000 - $25,000 4 5.88%
over $25,000 19 27.94%
 

Money left in savings after closing?

Posted By Message

LL514
LIF Adult

Member since 4/10

1901 total posts

Name:

Money left in savings after closing?

not including money that you specifically budgeted for major construction before you moved in. just the left over savings after your down payment and closing costs.

im starting to get a little nervous, thanks!

Posted 7/26/10 6:05 PM
 

Charly
LOVE!

Member since 5/05

12578 total posts

Name:

Re: Money left in savings after closing?

we will have pretty much nothing, nada, not a dime. We are taking a loss on this house. It's scary!

Posted 7/26/10 6:08 PM
 

Alli06
Baby #3 coming this June

Member since 8/05

6721 total posts

Name:
A

Re: Money left in savings after closing?

Not much, but enough to pay our bills and first mortgage payment. We are almost done with home improvements and can start saving again.

Message edited 7/26/2010 8:58:29 PM.

Posted 7/26/10 8:55 PM
 

LL514
LIF Adult

Member since 4/10

1901 total posts

Name:

Re: Money left in savings after closing?

interesting, both extremes

Posted 7/26/10 10:24 PM
 

JDubs
different, not less

Member since 7/09

13160 total posts

Name:

Re: Money left in savings after closing?

we had enough to buy furniture and make some minor repairs. there is a lot i would still like to do but i guess i will wait for tax refund time!

Posted 7/27/10 8:46 AM
 

MrsFlatbread
Skinny jeans are in my future

Member since 6/06

10258 total posts

Name:
Baby Momma

Re: Money left in savings after closing?

we put less money down in order to have more in the bank at closing. It was for my mental sanity.

Posted 7/27/10 9:18 AM
 

Katareen
5,000 Posts!

Member since 4/10

7180 total posts

Name:
Katherine

Re: Money left in savings after closing?

We had towards the higher end, but we also purchase a condo--so it was much less expensive.

When we eventually purchase a home, I'd like to have about a year of mortgage payments saved up.

Posted 7/27/10 9:21 AM
 

Andrewz00
Look! I changed it!

Member since 4/10

1789 total posts

Name:
Andrew

Re: Money left in savings after closing?

FYI: so not friends with anyone with OVER $25K left!! LOL Chat Icon Chat Icon

Posted 7/27/10 9:38 AM
 

LL514
LIF Adult

Member since 4/10

1901 total posts

Name:

Re: Money left in savings after closing?

Posted by Andrewz00

FYI: so not friends with anyone with OVER $25K left!! LOL Chat Icon Chat Icon



haha that makes me feel better!

Posted 7/27/10 9:41 AM
 

Mrs213
????????

Member since 2/09

18986 total posts

Name:

Re: Money left in savings after closing?

Posted by MrsFlatbread

we put less money down in order to have more in the bank at closing. It was for my mental sanity.




we did the same thing we put the minimum 3.5% down which was good - we had alot of money left in savings which was great because there are so many unexpected things we've had to pay for...

Posted 7/27/10 10:00 AM
 

bella
LIF Adult

Member since 5/05

1871 total posts

Name:

Re: Money left in savings after closing?

we had alot left over BUT that was because we had a lot of equity in our first home, we put down much less than we could have on our new home as we knew we needed to do a lot to get it where we wanted and we bought a short sale that was a great price.

Posted 7/27/10 11:00 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
How Much Money Did You Have left after closing? mrswask 6/19/09 7 Home
No Money down, No closing cost, to buyers Beth Lowe at Coach Realtors 6/13/10 0 Business Helping Families
spinoff to HOMEOWNERS' $ left after closing & downpayment cindy104 1/22/09 3 Home
closing: did you slip anybody money? mushsgrl 7/8/06 24 Home
Money Market Acct or Savings?? KPtoys 6/9/08 13 Families Helping Families ™
If you had money in a savings account.... BunnyBaby 11/29/07 40 Families Helping Families ™
 
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