Home buying cost breakdown
Use these estimates as guardrails. Pair them with real quotes from lenders, inspectors, insurers, and movers to finalize your budget.
Down payment
Typically 3%–20% of the purchase price. Impacts monthly payment, PMI, and competitiveness.
Example: $9K–$60K on $300K homeClosing costs
Includes lender fees, escrow, title, and transfer taxes. Some items are negotiable or credit-eligible.
2%–5% of loan amountHome inspection
Independent inspection to surface defects. Add specialty inspections if needed (roof, sewer, pest).
$300–$600+Appraisal fee
Required by lenders to confirm value supports the loan. Rush orders cost more in hot markets.
$300–$450Title insurance
Protects against ownership disputes and liens. Rates vary by state and purchase price.
$500–$1,500Property taxes
Paid annually or impounded monthly. Check supplemental tax bills after purchase.
1%–3% of value / yearPrivate mortgage insurance
Applies when down payment <20%. Removes once you reach 20% equity or refi.
0.5%–1% of loan / yearHomeowners insurance
Required by lenders. Bundling with auto or choosing higher deductibles can lower costs.
$1,000–$2,500 / yearMoving & setup
Includes movers, truck rental, and utility setup fees. Budget extra for packing supplies.
$1,000–$3,300Maintenance reserve
Plan for unexpected repairs and routine upkeep to protect value.
1%–4% of value / yearPlanning tips
Sequence payments
Down payment and closing costs are due at settlement. Inspections, appraisal, and earnest money are paid earlier.
Explore credits
Ask sellers to cover part of your closing costs or to fund your buyer-agent flat fee. Lender credits can trade a slightly higher rate for lower upfront cash.
Use real quotes
Plug actual lender estimates and vendor bids into your dashboard to convert these guardrails into a detailed budget.
Build your cost worksheet
Track estimates, invoices, and receipts in one place so you always know your cash-on-hand and upcoming obligations.
Create a budget checklist