What will closing day actually cost?
Beyond the down payment: LTT, legal fees, title insurance, appraisal, inspection, PST on CMHC premium, and tax/utility adjustments.
Start here · Canada
Get a Canada-ready pre-approval file, not a generic quote.
We shape the file to how Canada underwriters actually read it — closing math, lender appetite, and the small regional details that decide the approval.
Inputs
Result
- Ontario LTT$11,475
- Ontario first-time buyer rebate−$4,000
- PST on CMHC insurance premium$1,674
- Legal / notary fees$1,800
- Title insurance$400
- Property appraisal$400
- Home inspection$550
- Adjustments (taxes/utilities prepaid by seller)$1,125
Most distressed financing files run out of cash, not income. Budget closing costs in the 1.5%–4% range of purchase price, with the LTT bracket and province driving most of the variance. New-build files add GST/HST (less rebate) and need a closer look.
Leverage moves
- Title insurance is typically $300–500 — order it through the lawyer, not separately.
- Tax and utility adjustments reimburse the seller for prepaid amounts past the closing date.
- Newly built homes carry GST/HST; the New Housing Rebate offsets part of it for primary residences.
Ready when you are
Turn this number into a pre-approval file.
The math is the easy part. The approval hinges on how the file is packaged — income, down payment source, credit, and property notes underwriters actually read.
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