What Hidden Costs Do First-Time Buyers in Plano, TX Need to Know?

Beyond your down payment, there are surprise costs that sneak up fast.

• Closing costs: 2–4% of the home price for lender, title, and escrow fees.
• Property taxes: Plano’s average rate is around 2.1%.
• Homeowners insurance: higher for older homes or those with prior claims.
• HOA fees: especially in newer developments or master-planned communities.

Also budget for utilities, maintenance, and furnishings—a common rookie oversight.

Pro tip: ask your lender for a Loan Estimate early. It lists every expected fee so you’re not blindsided.

When you plan right, these costs don’t derail you—they just make you a smarter homeowner.