How Much You Should Save Each Month for a Down Payment, By State

When it comes to buying a house, the financials can be overwhelming. That's why a little bit of preparation or saving goes a long way--and a lot of preparation and saving goes even further. If you're thinking about buying a home, one of the biggest costs you'll be hit with is the down payment. Instead of just saving "a lot of money" to make it work (or if you think the number is too big--none at all), set a monthly savings goal that you know will be used explicitly to purchase your new house. If...