You’ll likely be responsible for a variety of fees and expenses that you will have to pay on or before the time of closing.
· Balance of the down payment
· Home inspection
· Appraisal if the lending institution will not absorb at their cost.
· Mortgage insurance premium for less than 20% down payment
· Homeowner’s insurance or Condo Content Insurance
· Property tax balance
· Title insurance policy premiums if required
· Real property report and compliance if seller will not supply
· Legal fees
· Ultility set up costs and fees for heat, electricity and water/sewer services
Based on printout from National Association of Realtors