What are the costs involved when buying your first home? Buying your first home can be really daunting and for some first home buyers thinking about all the costs can be totally overwhelming especially if you miss something and then find out at the last minute you need to pay it. For those of you doing your research you need to figure out the following: Stamp duty Land transfer and mortgage transfer Mortgage Insurance Conveyancing Financing costs Building and pest inspection What are the costs of buying your first home?  If you need any assistance feel free to contact Will Bell Mortgage Broker For stamp duty calculation go to the State Revenue Office website For help with conveyancing chat with one of the guys at Sargeants Monash Call Drakkar for help with income protection, life insurance and TPD insurance