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Cost of Buying a Home
Most first time home buyer's assume that a down payment is all that is needed; false, there are lot more costs associated in purchasing a home. Depending on the purchase price of your new home, the costs will vary.
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Here is a list of roughly what to expect:
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Down Payment
3.5%-20% Of purchase price
Closing Cost
1.75%* Of purchase price
Appraisal
$550*
Home Inspection
$550*
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*All costs differ depending on counties, escrow, inspectors, lenders, and purchase price. As well as any other costs agreed upon the residential purchase agreement (RPA).
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