09/21/2026
Most buyers know about the down payment—but what else actually comes out of pocket before you get the keys? 🔑💵
Here is the quick breakdown of upfront cash needed when buying a home:
—Earnest Money Deposit: Paid upfront within 3 days of contract (~1% of price).
—Home Inspection Fee: Paid directly to inspector at time of service ($400–$600).
—Appraisal Fee: Paid to lender to verify home value ($500–$700).
—Closing Costs & Prepaid Taxes: Paid at closing table (typically 2%–3% of loan amount).
💡 Pro Tip: Seller concessions can often be negotiated to cover a portion of your closing costs!
📌 Save this post for your future home purchase budget!
