Guide to Buying Your Home

Guide to Buying Your Home - Determine What You Can Afford

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.
 

Typical One-Time Expenses

Mortgage Application and Appraisal Fee At time of Application
Appraisal Fee At Inspection
Property Inspection (optional) Closing
Legal Fees Closing
Legal Disbursements 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
Mortgage Insurance 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

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