Buyer Costs
There are many costs to a buyer other than the down payment. It is important to make sure you have enough money set aside to take care of these costs as they come up during the buying process.

Home Inspection
While not always required, most real estate experts agree that a home inspection is a must before you close on a home—even if it’s new construction. The cost can vary on location and the size of the home, usually starting at around $250.
Appraisal
Mortgage lenders requires an independent appraisal to determine the home’s worth. They are used to verify that the sale price of the home is equal to or lesser than the fair market value. Appraisal fees can vary depending on the home, lender and state, but you’ll want to budget for about $250 to $600.
Closing Costs
Think of “closings costs” as a giant umbrella term that covers everything from attorney’s fees for handling the home buying contracts to taxes and association fees. Closing costs can be paid for by either the buyer or the seller depending on the terms of the contract. When you first meet with your lender, you need to ask about the general closing costs and loan fees to be expected given your pre-approval amount.
Escrow Fees
Some mortgage lenders will require you to open an escrow account along with your mortgage agreement. (Escrow accounts are mandatory if you have a Federal Housing Administration loan.) That account will set aside funds each month for expenses that aren’t related to the actual mortgage
(think property taxes and homeowners insurance).