The day you get the keys, you should ideally still have at least six months’ worth of your income tucked away for home repairs, property taxes and rainy days.

In fact, many mortgage lenders require borrowers to prove they’ll have some money left after closing.

## Should I use all my savings to buy a house?

When it comes to buying a home, the more you have in savings, the better. But the money you’re putting away for a down payment — ideally 20% of the price of the home — should remain completely separate from your emergency fund, which is three to nine months of expenses earmarked for when something goes wrong.

## How much money should you have leftover after down payment?

Here’s How Much Experts Say You Should Have Saved Beyond the Down Payment. When it comes to saving for a home, you may have a figure in mind for your down payment, whether that amounts to a minimum three percent down or a more healthy 20 percent.

## What percentage of your savings should you spend on a house?

Point of Interest: Choosing The Right House For Your Budget

Most mortgage lenders determine how much house you can afford by using the 28 percent rule. This “rule” says that you shouldn’t spend more than 28% of your monthly income, before taxes, on your mortgage.