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GOBankingRates
GOBankingRates
Jordan Rosenfeld

The Important Cost Many New Homebuyers Forget To Budget For

Brett Johnson
FluxFactory / iStock.com

Most buyers know about the down payment they need to come up with to buy a house — but not so much closing costs. These additional costs, which can total up to 6% of the loan amount, often come as a surprise at best, and may not have even been factored into a homebuyer’s budget at worst.

Learn More: 7 Reasons You Should Wait To Buy a Home Amid Tariff Uncertainty

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