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@may161965 Closing costs depend on the cost of the home as well as location. In Florida, a $660k home will probably cost $14k-$20k at closing, but it depends on the lender. Typically lenders will require 1 year of insurance paid at closing, and for the price OP is looking at, that alone is...

@adriaan It depends on the date of closing, but probably not. You will be low on cash, and I didn’t even include moving costs or furniture in that breakdown. It also assumes the house is in perfect condition after move in. If you close in October and that $25k in November is truly guaranteed…...

@adriaan Based on your post history: no, it does not make sense to put an extra 5% down, and it has nothing to do with opportunity cost. You are a high earner, so you can easily eat up the extra monthly payment. The problem is you have only $110k for everything: down payment, closing costs...