What other fees come with a mortgage?

You can expect to incur fees for your application, title search, title insurance, property appraisal, loan origination, and home inspection (if the lender requires one).

There are also additional closing costs such as legal fees and land transfer taxes. Usually, the total of these charges amounts to 2-5% of the loan amount. 

These are just some of the costs you should be aware of. Make sure you take all of them into account when determining what you can afford.

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