Closing Cost Calculator
Estimate your closing costs
Closing costs typically add 1.5% - 4% on top of your purchase price. Know exactly what to budget for before you buy.
Property Details
%
Used to calculate CMHC insurance PST
Property Type
Estimated Closing Costs
$13,249
2.6% of purchase price
Total Cash Needed
Down payment ($50,000) + closing costs ($13,249) + $5,000 emergency buffer
$68,249
Legal & Professional
Legal fees$2,000
Title insurance$400
Home inspection$500
Appraisal fee$400
Subtotal$3,300
Government Fees & Taxes
Provincial land transfer tax$6,475
First-time buyer LTT rebate-$4,000
PST on CMHC insurance$1,116
8% Ontario PST on CMHC premium
Subtotal$3,591
Adjustments
Estimated prepaid costs and adjustments at closing
Property tax adjustment$2,500
Estimated prepaid property taxes (half-year)
Utility adjustments$200
Interest adjustment$858
Interest from closing to first payment date (~15 days)
Subtotal$3,558
Moving & Setup
Moving costs$1,500
Lock changes$300
Home setup essentials$1,000
Subtotal$2,800
Cost Summary
Legal & Professional$3,300
Government Fees & Taxes$3,591
Adjustments$3,558
Moving & Setup$2,800
Total Closing Costs$13,249
No surprises at closing
Our concierge team walks you through every cost and coordinates your entire closing process — book a free call to get started.
Learn more
- Read our closing costs overview to understand why these costs surprise so many first-time buyers.
- See a detailed cost breakdown of every fee you should plan for, from legal fees to utility adjustments.
- Learn how land transfer tax is calculated in your province — usually your single largest closing cost.