Purchasing a home involves one-time costs and monthly expenses.
The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.
In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for.
|Mortgage Application and Appraisal Fee||At time of Application|
|Appraisal Fee||At Inspection|
|Property Inspection (optional)||Closing|
|Deed and/or Mortgage Registration||Closing|
|Property Survey (sometimes provided by Seller||Closing|
|Land Transfer, Deed Tax or Property Purchase Tax||Closing|
|Mortgage Interest Adjustment and Take Over Fee||Closing|
|Adjustments for Fuel, Taxes, etc||Closing|
|Home and Property Insurance||Closing and On-going|
|Connection charges for utilities such as gas, water and electricty||Date of Move|
|Moving Expenses||Date of Move|
Copyright © 2000-2010 Keller Williams® Realty. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Independently Owned and Operated, Brokerage.