Rookie home buyers who focus too much on the size of their mortgage payment when they’re budgeting for a new home could be in for a nearly $ 10,000 surprise.

A new analysis on the “hidden costs” of home ownership shows that nationally, home owners spend an average of $ 9,080 on expenses that many first-time buyers overlook when they’re planning their home purchase, such as taxes and home improvement projects.

The analysis — by real estate listing site Zillow and Thumbtack, a site where home owners can find professionals to do hous… – All MarketWatch News – Personal Finance