The Complete Cost of Buying and Selling a Home in 2026
The cost of buying and selling a home can exceed the listing price due to various expenses such as down payments, inspection fees, and agent commissions. Understanding these costs is crucial for a smooth transaction, and a breakdown of the common costs involved in buying and selling a home can help buyers and sellers make informed decisions.
The cost of buying a home includes a down payment, earnest money, home inspection fees, and appraisal fees. A down payment can range from 5% to 20% of the purchase price. Ongoing costs of homeownership include monthly mortgage payments, property taxes, and homeowners insurance. For a $400,000 home, the down payment can be $12,000 to $80,000. Closing costs can range from 2% to 6% of the purchase price. Home inspection fees and appraisal fees can add up to $1,000.
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