Piggy Bank with savings message

Infographic: A Dollar a Day: Simple Ways to Save For a Down Payment

Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of REALTORS®. With the most recent median existing-home price clocking in at $258,300, a 6 percent down payment is $15,498.

Here are some simple suggestions from NAR on how potential buyers can cut costs and save for that down payment.

Downpayment savings ideas