How to Budget for a Home Beyond the Purchase Price
When you calculate what you can afford, focusing only on the monthly mortgage payment is a mistake that can lead to financial strain. Understanding closing costs is a fundamental step in the 2026 market, as these fees often range from 3% to 6% of the home's total price. In Central Pennsylvania, you must account for state and local transfer taxes, which are often split between the buyer and the seller. Failing to save for these upfront expenses can result in a last-minute scramble for funds or a canceled contract. Working with real estate experts in Camp Hill, PA helps we identify these costs early so your cash reserves remain sufficient for the actual move. Recurring Taxes and Insurance Fees Property taxes in our region vary significantly depending on the specific borough or school district where you buy. You should look at the current assessed value of the home and calculate the annual bill for county, municipal, and school taxes. Keep in mind that a new purch...