When purchasing a home, buyers often focus on the down payment and mortgage, but there are numerous additional costs to consider. Closing costs, which typically range from 2-5% of the home's purchase price, include loan origination fees, title insurance, and government recording fees. Home inspections and appraisals are essential for avoiding major issues, with inspections costing between $300-$500. Other expenses such as property taxes, homeowners insurance, and maintenance costs like lawn care or HOA fees can add up significantly after moving in. Proper budgeting for these hidden costs can prevent financial surprises down the road..