FHA Loan Rule of Thumb? - How much $ do you really need?

[Account Closed]

The FHA loan requires 3.5% down. But how much money should you have in the bank for all other closing costs associated with buying a house. For example, on a $100/$200/$300,000 house, you would need $3,500/$7,000/$10,500 down but with closing costs how much should you have in the bank? Is there a rule of thumb for this?

[Chris Mason]