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How much money do I need to save each month in order to buy a home?
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It depends on the type of mortgage you are looking for and your current income. Generally, you'll need to have saved at least 20% of your gross monthly income for a down payment and closing costs. For a conventional loan, you may also need to pay private mortgage insurance (PMI). To calculate how much you will need to save, use an online calculator such as this one from the Federal Housing Administration.