Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees
Meet Sarah and Mike. They just found their dream cottage for $400,000. They have their 20% down payment ready, but their lender just handed them a "Loan Estimate" that made them realize the sticker price was only the beginning. fees when buying a house
: Their bank required an appraisal to confirm the house was actually worth $400,000. This cost them another $350–$1,000 . The "Lender & Legal" Fees Here is the story of the fees they
: They paid $300–$500 for a pro to crawl through the attic and check for leaks. This was an out-of-pocket cost paid directly to the inspector . : Their bank required an appraisal to confirm
Finally, at the closing table, Sarah and Mike had to "prepay" for certain future expenses: