EPISODE · Jun 17, 2025 · 25 MIN
The True Cost of Homeownership: Hidden Costs Beyond the Price
from The Fiscal Physical Retirement Podcast · host Aaron & Ryan
Most people think about their mortgage payment when they consider the cost of buying a home. Ryan and Aaron, both homeowners, walk through everything that actually adds up before and after the purchase. Upfront costs alone can include a down payment, closing costs of 2 to 5 percent of the purchase price, inspection and appraisal fees, and a wave of furniture and moving expenses that almost everyone underestimates.Ongoing costs like PMI if you put less than 20 percent down, property taxes, homeowners insurance, maintenance, and repairs can add thousands per year on top of your mortgage. For a $500,000 home, you may need $15,000 to $30,000 on top of your down payment just to close. If you are planning to buy a home, this episode helps you see the full picture before you sign anything.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!
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Most people think about their mortgage payment when they consider the cost of buying a home. Ryan and Aaron, both homeowners, walk through everything that actually adds up before and after the purchase. Upfront costs alone can include a down payment, closing costs of 2 to 5 percent of the purchase price, inspection and appraisal fees, and a wave of furniture and moving expenses that almost everyone underestimates. Ongoing costs like PMI if you put less than 20 percent down, property taxes, h...
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The True Cost of Homeownership: Hidden Costs Beyond the Price
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