Property Taxes – depending on what time of the year you buy and your lender you may have to come up with more than a year of property taxes for an impound account. In addition, there’s some areas in Orange County that require you to pay Mello Roos Taxes.
Lender Fees – Fees for a loan can range from 2-3% of the Loan amount and if you want to obtain that really low interest rate, be prepared to pay a discount point. Otherwise you can opt for a zero point loan that likely has a higher interest rate. 
Remodeling – It is not uncommon for buyers to modify their new homes to their tastes and that can cost a good sum of money.
Private Mortgage Insurance (PMI) – Mortgage insurance fees are triggered for those who want to purchase a home with less than 10% down. Since Orange County is considered a high-cost area by lenders with the average home price just above $652,000 (per Zillow May 2016), many buyers today want to put down the least amount they can on a home.
If you’re looking to make the minimum down payment on your home, you’ll need to obtain mortgage insurance (PMI). Buyers can pay for their mortgage insurance in full in one payment for the full twelve months, or it can be added to their monthly mortgage payments. Speak to a local lender about that.
Ways to Reduce Your Closing Cost
If you’re buying a home from a seller who does not have any other offers, and has an urgency to close the deal, you may be able to have your closing costs paid by the seller. However, it’s important to know that in that situation, you should offer close or the full price. If you’re buying in a high demand seller’s market, the seller might receive offers above their asking price and even have backup offers. Therefore, don’t expect them to pay for your closing costs.
People overlook the cost of insurance on a home and do not think twice about it. That is a bad decision as rates will vary from one company to another. Homeowners insurance is much more expensive than renter’s insurance and could be an unpleasant surprise.