Breaking Down Home Buying Costs
Closing Costs
Closing costs are fees paid at the completion of a real estate transaction. These costs typically range from 2%–5% of the purchase price and can include:
• Loan origination fees – charged by lenders to process your mortgage
• Title insurance – protects against legal claims on the property
• Recording fees – covers the cost of recording the deed with the county
• Escrow fees – fees for managing the funds and documents
• Title insurance – protects against legal claims on the property
• Recording fees – covers the cost of recording the deed with the county
• Escrow fees – fees for managing the funds and documents
Tip: Some sellers may be willing to cover a portion of closing costs as part of negotiations.
Home Inspections and Appraisals
Before finalizing a purchase, inspections and appraisals ensure the property is in good condition and worth the price.
Typical costs include:
• Home inspection – $350–$600 depending on size and location
• Specialty inspections – sewer scope, roof, HVAC, or pest inspections if needed
• Appraisal – $450–$600 to verify the property’s value for the lender
• Specialty inspections – sewer scope, roof, HVAC, or pest inspections if needed
• Appraisal – $450–$600 to verify the property’s value for the lender
Homeowners Insurance
Lenders require homeowners insurance to protect your home from damage or loss. Coverage can include fire, theft, and liability protection. On average, homeowners insurance in Fort Worth and DFW ranges from $1,200–$2,000 per year but depends on the home type and coverage level.
Property Taxes
Property taxes in North Texas vary by city, county, and school district. In Fort Worth, taxes typically range from 2.1%–2.4% of the property’s assessed value annually. Factoring property taxes into your budget is critical for monthly affordability.
Buying a home is a big financial decision, but with proper planning, it doesn’t have to be overwhelming. Knowing what costs to expect allows you to move forward with confidence.
If you’re ready to explore homes in Fort Worth, DFW, or North Texas, I’m here to guide you through every step of the process, from budgeting to closing day.
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