Financing in Buffalo>Question Details

jciaudella1, Home Buyer in Buffalo, NY

how much money should you have on the side for a down payment and closing costs and all other fees to buy a house?

Asked by jciaudella1, Buffalo, NY Sat Apr 6, 2013

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Expense that you will have in addition to Your down payment include:you application fee for your mortgage, your home inspection, your attorney, home owners insurance, miscellaneous closing costs and moving expenses. These expenses all vary, but can be a shock to a new home owner and something you should consider before shopping for a home.
0 votes Thank Flag Link Sun Apr 7, 2013
This is dependent on your credit rating and whether you are purchasing a property for investment or to occupy. Generally, downpayment would be 5-10% and closing costs another 5-10%, often times those who are purchasing a primary residence finance their closing costs.
0 votes Thank Flag Link Sat Apr 6, 2013
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