Great Question! It will depend on what type of financing you are planning to use. If you go FHA, you will need 3.5% down. You can pay your own closing costs or ask the seller to pay a percentage of you closing costs and work that into you deal. If you go conventional, you will need a minimum of 5% down. Your closing costs can vary slightly depending on the mortgage company you choose. I suggest shopping your mortgage for the best rates and fees and be sure to ask questions. This is the biggest purchase you will make, so make sure you are getting a fair deal. Compare fees. I was a mortgage loan officer prior to becoming a realtor and choosing a good loan officer and mortgage company are key to a smooth transaction. If you have any questions or I can help you in any way feel free to contact me at email@example.com or 214-909-6680.
Good Luck and Happy House Hunting!!