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