Article: Home buyers in Bakersfield, Calif., area must consider the extra costs.

Byline: Jennifer Plotnick

Sep. 5--Buying a home isn't simply scraping together enough money to pay the cost of the home itself -- there are extras to consider. Based on the specifics of your loan, you may pay closing costs as part of the loan, as a higher percentage interest rate or with extra cash.

In general, home buyers can expect to pay about 5 percent of the home's price in closing costs, said Beth Cheatwood, branch manager of MortgageTree Lending.

In July, the median price of a home in the Central Valley was $283,650, according to the California Association of Realtors. With the 5 percent as a guide, a buyer purchasing a home at that ...

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