What are Your Costs?
- Closing costs vary and are due at different points in the process. Some like the survey, appraisal, and property inspection are paid immediately upon completion. Others come at final closing.
- Buying a home involves one-time costs and ongoing monthly expenses.
- The largest one-time cost is the down payment. It usually represents between 5-25 percent of the total price of the property.
- In addition to the purchase price, there are a number of other expenses you might be expected to pay. These are listed below:
Your costs may also include:
- Appliances repairs
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.
I always discuss these details with my clients at length, but please email me directly for more info.