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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. 

Here is a list of roughly what to expect: 

Down Payment

3.5%-20% Of purchase price

Closing Cost

1.75%* Of purchase price

Appraisal 

$550*

Home Inspection

$550*

*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).