Buying a Home


One-time costs and monthly expenses are involved in the purchase of a home. The largest one-time cost is the down payment. In addition to the actual purchase price, there are a number of other expenses that may be involved such as:

  • Mortgage Application – Paid at time of application
  • Appraisal Fee – Paid at inspection
  • Property Inspection – Paid at inspection
  • Legal Fees – Paid at closing
  • Legal Disbursements – Paid at closing
  • Deed and/or Mortgage Registration – Paid at closing
  • Property Survey (sometimes provided by seller) – Paid when completed
  • Land Transfer Tax – Paid at closing
  • Adjustments for Fuel, Taxes, etc. – Paid at closing
  • Mortgage Insurance (and application fee if applicable) – Paid at closing
  • Home and Property Insurance – Paid at closing (on-going)
  • Connection charges for utilities – Paid on date of move
  • Moving Expenses – Paid on date of move
  • Title Insurance – Paid at closing