– The down payment can be 0% – 20%, depending on type of financing
– A home inspection can range from $275-$400, depending on the size of the home. This usually includes a termite inspection.
– A 1 year homeowners insurance policy will be required prior to closing. After that, you will pay in to the escrow account which will be used to pay the premium each year.
– Closing costs are generally 3 – 3-1/2% of the amount financed (this could be higher or lower, depending on the price of the house) and you can negotiation to have this expense paid by the seller. There are other expenses that may come up, but these are the most common ones.