What are the other costs of buying a house?

Once you’ve settled on your down payment, you still need to handle: Closing costs: these include items like a professional home inspection, legal fees, closing and adjustment costs, interest adjustment costs between buyer and seller and (depending on where you live) land transfer tax. These costs can add up to as much as 2.5% of the purchase price. Property insurance: this needs to be in place by your closing date. Moving costs and other initial expenses: these might include vehicle rentals and movers’ fees; cleaning materials; appliances; hookup fees for utilities, etc.