Buying a home isn't just a 20% down payment and a monthly check for the mortgage.
There are a mountain of hidden costs—from closing fees to taxes—that can add up to more than $9,000 each year, real estate marketplace Zillow estimates—and that number will only jump if you live in a major US city.
Business Insider spoke to Zillow's chief economist, Svenja Gudell, about the three big unavoidable costs—homeowners' insurance, property taxes, and utilities—and other common costs that are often overlooked.
If you're considering buying a home, be mindful of these expenses when establishing your budget, Gudell says:
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