Most people do not realize what all goes into buying a home and how much money is needed and where the money goes here's a break down:
Earnest Money - This is due when your offer is accepted. Typically equates to 1% of sales price
Home Inspection - A home inspection is not required but recommended and cost is normally $200-$400 and normally due prior to inspection
Appraisal - Appraisals are required the lender orders the appraisal and cost between $400-$600
HOA Letter - A clear HOA is required prior to close most times the seller will offset the cost
Down Payment - Depending on your loan the percentage can be between 3.5% to 20% down
Closing Cost - Closing cost can be between 4-6% of the loan. That includes prepaids, taxes and mortgage, and other fees.
When shopping for a home it is important to know the cost and where your money is going and important to have a licensed professional realtor to explain this to you. Contact me for any other questions