Here’s the difference! 𝑫𝒐𝒘𝒏𝒑𝒂𝒚𝒎𝒆𝒏𝒕 is how much money you put down on your home. This makes the difference between the purchase price of the home and your loan amount. BUT to 𝒄𝒍𝒐𝒔𝒆. . .you will have some additional fees like closing costs, title fees, insurance, and taxes. ✅ Action Item: Make sure you have enough aside to cover all of these costs, not just your downpayment. Talking with a mortgage lender can help you determine what price range to look in and what your downpayment and closing costs will look like and we can help you find a home!