When you buy a home, you will be asked for a deposit and a down payment. A deposit will be required either at the time of making the offer or upon acceptance of the offer. The deposit is an act of good faith and goes towards the purchase price of the home. A Down payment is usually between 5 and 25% of the total price of the property. You might also have a number of other fees and expenses to pay.
Some of the most common expenses are listed below. These expenses may vary, depending on your area:
Expense
Paid
Mortgage application and appraisal fee
At time of application
House inspection (optional)
At time of application
Legal fees
Closing
Legal disbursements
Closing
Deed and/or mortgage registration
Closing
Property survey (sometimes provided by the seller)
