There are more costs involved in getting a home loan besides the straight-up cost of your monthly payments. The below article discusses the various fees and rates that come along with your loan.

You should only buy a home when you can afford it – which is a painfully obvious statement. But, when can you afford a home? Does that mean you should only buy home when you can afford to pay the entire cost with one big sack of money? That's hardly realistic when hundreds of thousands of dollars are involved which is why there's an entire industry devoted to lending money to people who don't, generally, walk around with gigantic sacks of money. A home loan is how most folks deal with the expense of purchasing a new home giving them an opportunity to become a homeowner through a program of manageable payments over a specified numbers of years. So, with the possibility of a home loan, affordability takes on a new standard based on what you can afford on a monthly basis. But, there are a few more things involved here that can really screw you up.

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