I'm about to be a first-time homebuyer, and am on a tight budget. I have a pretty good idea of how much down payment money I'll need, and how much I can afford to pay in monthly mortgage payments. But I'm not as clear about other expenses I'll need to pay up front. Any tips on this?
Smart thinking to plan ahead for buying a house. Many buyers will have to spend some serious cash before they even move into their new home.
Besides the down payment money, you should plan for the following upfront costs:
For detailed advice on figuring how the finances of buying a new home, see Nolo's Essential Guide to Buying Your First Home, by Ilona Bray, Alayna Schroeder, and Marcia Stewart.