The costs you pay in addition to the purchase price of a home on the day you officially own it include legal fees, transfer fees, and disbursements. These closing costs typically range from 1.5% to 4% of the purchase price, covering various necessary expenses to complete the home purchase.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

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