Newsflash: Costs involved with buying besides down payment

Situation: 25yr old looking to house hack in the next year or so. I’m going to go conventional with 5% down payment on a 120-150k 2-3 unit house.Question: What other costs are involved that I overlooked and how much do they average?I know of:Down payment – 5% of purchased priceClosing costs – 3% of purchased? –> I hear sometimes the seller pays this?Appraisals – No idea on cost or how many are usual done.Someone have the time to point me in the right direction?-Thanks

Read more at https://www.reddit.com/r/RealEstate/comments/6gtuxu/costs_involved_with_buying_besides_down_payment/?utm_source=ifttt

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