Buying a home together is one of the biggest financial decisions you'll make. Here's how to budget for it as a couple.
Before You Start Looking
- Down payment: Aim for 10-20% of home price
- Closing costs: 2-5% additional
- Emergency fund: 3-6 months after purchase
- Credit scores: Both matter for joint mortgage
Creating a House Fund Together
Use Partner Mode to track your house savings:
- Set a target amount together
- Each contribute monthly
- Track progress in real-time
- Celebrate milestones together
Hidden Costs of Homeownership
- Property taxes (varies by location)
- HOA fees if applicable
- Maintenance (budget 1-2% of home value/year)
- Higher utilities than apartment
- Furniture for more space
The 28/36 Rule
Keep housing costs under 28% of gross income, total debt under 36%.
Start Tracking Together
Download Pocket Clear free. Simple expense tracking for couples and expats.