Leave a Message

Thank you for your message. We will be in touch with you shortly.

Budgeting for Closing Costs When Buying a Home

Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay.
 

Plan Ahead!

To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.
 
 
People are sometimes surprised by closing costs because they don’t know what they are. Your closing costs are a collection of fees and payments involved with your transaction.
 
According to Freddie Mac, while they can vary by location and situation, closing costs typically include:
 
  • Government recording costs.
  • Appraisal fees Credit report fees.
  • Lender origination fees.
  • Title services.
  • Tax service fees.
  • Survey fees.
  • Attorney fees.
  • Underwriting Fees.
How much will you need to budget for closing costs? Understanding what closing costs include is important, but knowing what you’ll need to budget to cover them is critical, too. The costs are typically between 2% and 5% of the total purchase price of your home. If you’d like to discuss this more, send me a message!

Recent Blog Posts

Stay up to date on the latest real estate trends.

Level Up Your Homebuying Game: The Power of Pre-Approval

Dreaming of owning a home? One crucial step to turn that dream into reality is getting pre-approved for a mortgage.

5 Key Steps to Prepare for Your 2025 Home Purchase

The dream of owning a home is within reach, but it requires careful planning and preparation.

4 Simple Tips to Stage Your Home for Showings

Selling your home can be a stressful process, but a well-staged home can make a big difference in attracting potential buyers.

5 Ways to Show Gratitude to Your Home This Thanksgiving

Thanksgiving isn’t just about appreciating loved ones—it’s also a great time to show gratitude to the home that keeps you safe and comfortable.

Siding Smarts: Your Guide to Picking the Perfect Fit for Your Home

The exterior of your home does more than set the stage for curb appeal—it protects your home from the elements, boosts energy efficiency, and can even enhance its resa… Read more

10 Simple Tips for a Smooth Move into Your New Home

Buying a home is an exciting milestone! It's a big step, and it comes with a lot of responsibility.

Stress-Free Holiday Hosting: 6 Simple Tips to Keep Your Home Guest-Ready

As the holiday season draws near, managing the hustle and bustle of hosting, visiting family, kids, and keeping a cozy, welcoming home can feel overwhelming.

Is Homeownership Within Reach? New Construction Trends are Bringing Affordability Back

If you've been dreaming of buying a home but feel restricted by affordability, recent trends in new home construction may provide a solution.

Affordable DIY Staging: A Guide to Impress Buyers on a Budget

Staging your home isn't just about making it look pretty; it's about creating a space that potential buyers can envision themselves in.

Work With Ansley

Born and raised in the peach state, I take pride in what I do and genuinely enjoy helping my clients. Let me be your go-to gal in real estate and help you personally through the process!