What will my closing costs be?
Estimate land transfer tax and common buyer costs. Your down payment is shown separately.
Amounts are Canadian dollars. Change any number to update your answer.
Required below 20% down with 30 years. Check first-time buyer or new-build eligibility.
Editable planning allowances
Ontario charges 8% provincial sales tax on mortgage-loan-insurance premiums. That tax cannot be added to the mortgage.
Need the full upfront picture? Use the Cash Needed to Buy a Home calculator.
Example: costs beyond the down payment
For a $700,000 Ontario resale home outside Toronto with $140,000 down and no first-time-buyer rebate, the land transfer tax is $10,475. Allow $2,200 for legal costs, $550 for an inspection and $350 for title insurance.
Those entered expenses total $13,575, excluding the down payment. Total cash needed under these assumptions is $153,575. Change the allowances to match your quote and purchase.