If you’re a first-time homebuyer , it’s easy to get caught up in the excitement of making plans for your new space. Even as you dream about color schemes, furniture placement, and the ideal layout of your new home, you’re probably also keeping a close eye on interest rates and your future mortgage payment. However, there are other transaction details you can easily overlook, such as the myriad of additional costs and fees charged to buyers as part of their home purchase transaction. These added expenses are called closing costs. So, if you’re currently renting a home in Sacramento, CA , or an apartment in Minneapolis, MN , it’s easy to underestimate just how much you’ll need to pay in closing costs. Keep reading to learn more about closing costs, what to expect, and how much you may need to pay. What are closing costs? As your closing date approaches, your lender will provide a closing disclosure for you to review. It may be the first time you see an itemized ...