Closing Costs Calculator

Add up your closing costs

Closing costs are the one-time expenses on top of your down payment when you buy a home. Enter your purchase price and the local fees that apply to estimate how much cash you will need beyond the down payment itself.

How this is calculated

The tool estimates land transfer tax from the purchase price and location using the published marginal brackets, applying the standard first-time buyer rebate or exemption when you select it. It then adds the legal, inspection, appraisal, title insurance, property tax adjustment, moving, and other costs you enter. The total closing costs are added to your down payment to show the full cash you should have available at closing.

What typically counts as a closing cost

• Land transfer tax, which is the largest single closing cost in most provinces.
• Legal fees for the lawyer or notary who handles the transfer and mortgage registration.
• Title insurance, an appraisal, and a home inspection.
• Adjustments such as reimbursing the seller for prepaid property tax or utilities.
• Moving costs and any condo document or status certificate fees.

Costs this estimate leaves out

Mortgage default insurance premiums on high-ratio purchases are not included here, and provincial sales tax on those premiums is also excluded. You may also face an interest adjustment, a mortgage setup or discharge fee, and utility or condo-fee deposits. New-build purchases can carry GST or HST, which is handled separately. Add any of these that apply to your situation before you finalise your budget.

Planning your cash at closing

Lenders look at whether you have enough verified funds for both the down payment and closing costs, so keep them in a traceable account. In Ontario, Quebec, and Saskatchewan, sales tax on the insurance premium must be paid in cash and cannot be financed, which increases the cash you need. Build a buffer for small surprises, since final adjustments are often settled on the closing date.