<prompt> Human: What additional expenses should be accounted for? Ex: home owners insurance, furniture, HOA etc.  <response>: HOA and insurance should be part of your monthly payment even if you dont use escrow account with your mortgage servicer you should put that money aside in a savings account in order not to miss the payment due date. Youre looking at closing costs for the loan which can be 5-10 depending on issues that could come up. Moving expenses and new furniture would be on top of that. 