Buyers should prepare for earnest money, inspection fees, appraisal fees, down payment, lender fees, title charges, prepaid taxes, homeowners insurance, and other closing costs. The exact amount depends on the purchase price, loan type, location, and negotiated contract terms.
For buyers in the Minneapolis metro, closing costs can also vary by county, municipality, property type, and tax structure, so it is helpful to review a Loan Estimate early in the buying process.