If you aren't already, I would suggest working with a Realtor to assist you because you will receive current information daily in your in box eliminating the need for questions on availability.
Some counseling on how to offer to purchase would also be good as well.
All The Best,
Signature Realty Group
The minimum down payment would have been 3.5% of the purchase price for a FHA loan and your closing costs would depend on several factors. The closing cost are probably close to 5% of the purchase price because the home that you were looking at is so low. I will let you do the math. In addition you would want a home inspection, a termite inspection and any other inspections you feel are important (additional fees involved).
I hope this helps.