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Typical Closing Expenses
Initial Deposit |
When submitting the offer |
$2500-$10000 |
Mortgage Application & Appraisal Fee |
When arranging financing |
$150-$275 |
Home Inspection (optional) |
Acceptance of Conditional offer |
$250-$500 |
Home and Property Insurance |
On Closing and On-going |
$150-$500 |
Legal Fees |
On Closing |
$400-$600 |
Legal Disbursements |
On Closing |
$400-$700 |
Mortgage Interest Adjustment (if Applicable) |
On Closing |
Varies |
Land Transfer Tax ( Ontario) |
On Closing |
|
Property Survey if not provided |
On Closing |
$700 & up |
Moving Expenses |
On Date of Move |
$200 & up |
Mortgage Insurance (if applicable) |
On Closing |
Please Note other typical monthly costs associated with home ownership include mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.
ATTENTION FIRST TIME BUYERS: Whether you are buying a resale property or a new property, you are eligible in subsidies (MAJOR SAVINGS) in Toronto, ON CANADA.
Serving: Mississauga, Toronto, Brampton, Oakville, Markham, Richmond Hill, Vaughan, Etobicoke and the rest of the GTA.
Century 21 Dreams Inc., Brokerage
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