3 Expenses You Can't Afford to Forget When Buying a New Home

Christy Bieber, The Motley Fool
·4 min read
3 Expenses You Can't Afford to Forget When Buying a New Home

When you buy a house, it can be a very expensive process that requires you to come up with tens of thousands of dollars in upfront costs. For example, you'll need money for a down payment, as well as for closing costs, which can include expenses such as an appraisal fee and mortgage origination fee. Your down payment should ideally be around 20% of your home's value, while closing costs can add up to as much as 2% to 5% of the price of the home you're buying.

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