Homeowners insurance (often one year in advance), prorated property taxes, and escrow reserves. Due Diligence: Home inspection and appraisal fees.
Private Mortgage Insurance (PMI) or upfront government funding fees (FHA/VA). who pays closing costs when buying a house
While specifics vary by state and local custom, the typical responsibilities include: Usually pay 2%–6% of the loan amount. Homeowners insurance (often one year in advance), prorated