Budget for Closing Costs

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Real Estate

When buying a home, be sure to plan when saving for a down payment and closing costs. Closing costs usually run 2-5% of the total purchase price. Now, more than ever, you must have money set aside to cover those costs.

Your lender can go through your exact closing costs that will be associated. However some big common ones are: 

  • home inspection
  • appraisal fee
  • mortgage insurance(PMI)
  • credit report
  • homeowners insurance
  • loan origination fee
  • VA funding fee(if getting a VA loan

Some lenders have different programs to help reduce these costs - so it is so important you find one that offers a good deal to you, and that you trust. Don't worry- we have recommendations! 

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