A couple who bought their first home for $599,000 share all of the hidden costs of owning. (via CNBCMakeIt)
In June 2019, Ver Starr and his fiancee Jenelle Yeein Gardena, California, making them homeowners for the first time.
If you don't put at least 20% down, you have to pay PMI, which is a safety net for the bank in case you fail to make your payments. Other costs they may have to deal with as homeowners include any future renovations, maintenance or repairs that arise. Besides recurring expenses, the couple also paid $8,462 in upfront costs, excluding the $60,000 down payment. Here are all of the other expenses they owed before moving into their new home:Closing costs: $3,102
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