3 Homebuying Costs That Surprise First-Time Buyers

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What you need to know

• Thinking you only need a down payment to buy a home?
• [Quick cut: house keys, calculator, surprised face] That’s one of the biggest first-time buyer mistakes
• [B-roll: signing documents, closing table] These can include lender fees, title insurance, appraisal costs, and more

HOOK

Thinking you only need a down payment to buy a home? [Quick cut: house keys, calculator, surprised face] That’s one of the biggest first-time buyer mistakes. The purchase price is just the start.

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KEY POINT 1

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First, there are closing costs. [B-roll: signing documents, closing table] These can include lender fees, title insurance, appraisal costs, and more. Depending on the loan and location, they can add up fast.

KEY POINT 2

→ See what you could be approved for — free, takes about 60 seconds.

Second, don’t forget property taxes and homeowners insurance. [B-roll: tax bill, home insurance policy, laptop budget screen] Your monthly mortgage payment often includes both, and they can change over time. That means your “affordable” house may cost more each month than you expected.

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