|
A safe approach to closing costs would be to set aside 2-3% of your purchase price.
Closing costs can vary according to the circumstances of each individual sale. They
include land transfer tax, legal fees and disbursements, GST on all services, mortgage
application and appraisal fees, closing and adjustments, fire insurance and CMHC (Canada
Mortgage and Housing Corporation) insurance fees.
Here
is a chart which you can use to calculate the cash you will require when the time comes.
Overestimate rather than underestimate. Make sure you have enough.
| Buyers Cash Required on
Closing |
| Purchase Price |
|
$______ |
First Mortgage Principal Amount
Second Mortgage Principal Amount
Total of All Mortgages |
$________
$________ |
$______ |
| Down payment required (before adding Closing Costs) |
|
$______ |
Closing Costs
- Legals and Disbursements
- Mortgage Penalty (if applicable)
- Land Transfer Tax
- Home Inspection Cost
- Land Survey
- Mortgage Application Fees / Appraisal Fees
- CMHC Insurance Premium + PST
- Home Owner's Insurance Premium
- Realty Tax Adjustment (From to )
- Other Costs
Total of All Closing Costs |
$________
$________
$________
$________
$________
$________
$________
$________
$________
$________ |
$______ |
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Royal LePage RCR Realty
75 First Street Suite 14,
Orangeville, ON, L9W 2E7
Phone: (519) 925-1776
Toronto Line: (800) 483-7740
Pager: (519)-941-5151
Fax (519) 925-1533
.
Website by Power Train
http://www.agenthelp.com
1-800-483-7740
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