Housing prices are rising in many parts of the country, which makes it tough for people to buy a home. Luckily most people can get a mortgage to help pay for a house, but almost all mortgages still require a down payment and closing costs. The down payment can range from 3 percent to 5 percent of the loan amount for the cheapest loans available. Closing costs consist of lender fees, an appraisal, insurance, prepaid interest, title fees, closing company fess, and can be 2 to 5 percent of the price of the home. On a $200,000 home, a buyer
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