<prompt> Human: Im currently looking at buying my first home in the next 24 months with less then the 20 down, Ill most likely have 10 down with some cash to spare not dipping into the emergency fund at all. My ideal range is 175-225K for a house.Besides the downpayment and PMI, what else should I expect in terms of costs? Im figuring closing costs which Im getting anywhere from 2-5 of the house cost and inspection which should run about 500?Edit, I should also note that I have excellent credit, will most likely have closer to 15 of downpayment with money left and have figured to be spending less then 5,000 a year on property tax. Little debt 5,000 auto loan and maybe 1,200 on a credit card from Christmas gifts trips, both will be paid off before buying the home. Im also maxing out my 401K and Roth, saving an additional 10 of my salary into cash reserves or personal Vanguard funds - total, Im saving alittle over 40 of my salary currently.  <response>: You can calculate the closing costs pretty accurately by getting a mortgage rate quote from the bank. Usually its an origination fee, appraisal fee, transfer taxes, title insurance, and some other small stuff. It definitely depends on the bank and the state. I would think twice about buying with PMI. It can raise the rate on your whole mortgage by around 1. If you look at the interest cost on an 80 loan vs. a 90 loan with PMI its pretty striking.80 - 160k loan at 4.5 is 600 per month in interest90 - 180k loan at 5.5 is 825 per month in interestThe difference is 225 in interest per month on a 20k loan. Thats equivalent to a 13.5 interest rate on the last 10, and it may not even be tax deductible. 