Closing Cost Calculator
Get a complete breakdown of land transfer taxes, one-time closing costs, and ongoing expenses
Property Details
Minimum required: 5.00% ($25,000)50%
One-Time Closing Costs
Ongoing Costs
Cost Summary
Land Transfer Tax
Ontario LTT:$6,475
Toronto LTT:$6,475
Total LTT:$12,950
Other One-Time Costs
CMHC Insurance:$14,725
Appraisal:$400
Legal Fees:$2,000
Home Inspection:$500
Title Insurance:$300
Total One-Time Closing Costs
$30,875
Total Cash Needed at Closing
$55,875
Includes down payment + closing costs
Monthly Ongoing Costs
Property Tax:$333
Home Insurance:$100
Utilities:$200
Maintenance Reserve (1%):$417
Total Monthly:$1,050