You have probably figured out how much you will need at the closing for your
down payment, but don't forget about the closing costs. These additional costs
can add up to a significant amount.
Closing costs will vary, depending upon the financing costs and the time of the
month that you close. Your Realtor will be able to give you an estimate of all
these costs, including the points on your loan, private mortgage insurance (if
required), the title search, title insurance, attorneys' fees, and any transfer
taxes or recording fees changed by local government agencies. There may also be
property taxes, homeowners' association fees and insurance that must be prepaid.