One-time costs and monthly expenses are involved in the purchase of a home. The largest one-time cost is the down payment. In addition to the actual purchase price, there are a number of other expenses that may be involved such as:

• Mortgage Application – Paid at time of application
• Appraisal Fee – Paid at inspection
• Property Inspection – Paid at inspection
• Legal Fees – Paid at closing
• Legal Disbursements – Paid at closing
• Deed and/or Mortgage Registration – Paid at closing
• Property Survey (sometimes provided by seller) – Paid when completed
• Land Transfer Tax – Paid at closing
• Adjustments for Fuel, Taxes, etc. – Paid at closing
• Mortgage Insurance (and application fee if applicable) – Paid at closing
• Home and Property Insurance – Paid at closing (on-going)
• Connection charges for utilities – Paid on date of move
• Moving Expenses – Paid on date of move
• Title Insurance – Paid at closing