Closing Cost Calculator

A mistake that buyers often make is that when calculating the price and affordability of their future home, they do not take into account the closing costs that are associated with the home purchase (closing costs generally account for 1.5-3% of the home purchase price). Among the costs, below are a list of the most common to keep an eye out for and budget into your plans.

Mortgage Info

%

%

Ontario

Total Mortgage

$0

Monthly Mortgage Payment

$0

Closing Costs

Land Transfer Tax$6,275
Municipal Tax$0
Real Estate Lawyer$1,500
Property Insurance$500
Title Insurance$400
Appraisal$400
Other Costs$1,150
HST on CMHC Insurance$0
FTHB credit- $0
Total Closing Cost$8,925

* These calculations are just an estimate. To get a true overview of your affordability, apply online in 5 minutes and a Homewise Advisor can overview your full financial picture.

© 2021 Homewise Solutions Inc. All rights reserved.
Mortgage Brokerage Lincensed in ON #12984, BC #X301004, MB and AB.
Homewise can pursue mortgage brokering activity in SK, NL, NS and NB. We are proudly Canadian!