Final answer:
When buying a home, budget for mortgage payment, homeowners insurance, property taxes, down payment, and utility payments.
Explanation:
Expenses to Budget for When Buying a Home:
When buying a home, you need to budget for the following expenses:
- Mortgage payment: Monthly payment towards your home loan.
- Homeowners insurance: Insurance to protect your home.
- Property taxes: Taxes levied on the property you own.
- Down payment: Initial payment made towards the purchase of the home.
- Utility payments: Costs for utilities such as electricity, water, and gas.
Learn more about Home Buyer Expenses here:
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