Mortgage Closing Costs Calculator

Here are the approximate amounts for your Closing Costs and how they're paid.

More details about your possible closing costs

Out of all your deal-related closing costs, Land Transfer Tax (if applicable for your area) usually costs the most, with the rest being a typical range for professional services (see chart above):

• Land Transfer Tax (LTT) or Title Fees. Each province (and some cities, like Toronto) has its own rules about what you pay.
• Home Inspection fee. The amount you pay, if you have this important condition as part of your purchase offer, can be offset by learning about the home's condition and if more costly surprises are waiting.
• Appraisal fee. If an appraisal is deemed necessary, many lenders will cover this fee (but not always).
• PST on default insurance premiums is charged in certain provinces (such as Saskatchewan, Ontario, and Québec).
• Lawyer and admin fees. A catchall for the legal costs incurred to transact your deal — ask your lawyer to itemize them for your records.
• Condo/Strata Document review. Done by an Estoppel Certificate review specialist to outline any potential issues buried in the fine print.
• Adjustment costs. Transfer and settlement of outstanding costs related to the property, such as utilities and property tax.
• Wire or Draft fees. Incurred to transfer your funds, including your down payment.
• Title insurance. This one-time cost (depending on provider) is based on the size of your mortgage and is highly recommended to protect your finances against mortgage title fraud.
• Home Insurance (personal vs default). It's required by most lenders, so you'll need to budget for the premiums and have a policy in place by the closing date.

Are there other costs related to buying a home?

• Moving costs — from professional movers and packers to renting a van to ordering pizza for your family and friend-helpers
• Boxes and packing supplies
• Utility set-up fees
  
• Furniture and appliances
• Window coverings
• Yard tools and decor

Here's how to save some cash.

Are you a first-time home buyer? There are several government programs and rebates to help reduce your closing costs or increase your down payment savings to cover them.

Get your best rate and mortgage! We're here with your lowest-possible rate (for which you need to qualify) to potentially save thousands on your mortgage.

Give our Compare and Save Calculator a spin to see the difference our volume rate discount can make — and feel better about wrapping up your closing costs.

Proof our rates are lower. Our in-house lender, THINK Financial, has the best rates in the industry to help you save now and again at renewal.

Expert brokers in your preferred language. Find your mortgage-savings expert in our company directory, or apply online, over the phone, or at a store near you.

We can help you anywhere you are in Canada!