Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees could surprise you with a financial nightmare on closing day if you're not informed and prepared. Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment.
While not all of these costs will apply in every situation, it's better to know about them ahead of time so you can budget properly.
Buying a home is a major milestone, and there are many small but important details, not to mention stress and excitement, to deal with during the process. The last thing you need are unbudgeted financial obligations in the hours before you take possession of your new home.
Our special report, "13 Extra Costs To Be Aware of Before Buying a Home," is absolutely free.