Buying a house

[Andrew Z]

What accounts and values does a person use if a he buys a house for $250,000 
with a downpayment of $20,000?  Would he setup Assets:Home with a value of 
$250,000 and Liabilities:Mortgage with a value of $230,000?  Is the value of 
Assetts:Home transfered from Liabilities:Mortage?

What if he were charged a Mortgage Insurance Premium of $3,000 to his loan.  
Would he transfer $3,000 from an expense account to the Liabilities:Mortgage?

Thanks.


Andrew Z