There is no single cash number that fits every Maryland buyer. The useful question is: which cash needs apply to your loan, property, contract, and timing?
Down payment
Your down payment depends on the loan program and your financing strategy. A larger down payment can change the payment and loan structure, but it is not automatically the best use of every dollar.
Deposit or earnest money
A purchase contract may require a deposit. The amount, timing, and treatment of that money are contract-specific.
Closing costs and prepaid items
Buyers can encounter lender charges, title and settlement costs, taxes or recording charges, insurance, prepaid interest, and initial escrow funding. Ask your lender and settlement provider for transaction-specific estimates.
Inspection and due-diligence costs
Budget separately for inspections and any specialist evaluations you choose or need.
Reserves after closing
Using every available dollar to get through settlement can leave a new owner vulnerable to the first repair, move, utility setup, or unexpected expense.
Assistance programs
Maryland and local homebuyer programs may reduce certain upfront barriers for eligible borrowers, but rules, funding, and repayment terms can change. Verify current details with the program administrator and lender.