CLOSING COST GUIDELINE
| ASSUME: | | | | | 5% | 10% | 15% | 20% |
| | | 1. Purchase Price | | | 200,000.00 | 200,000.00 | 200,000.00 | 200,000.00 |
| | | 2. Downpayment | | | 10,000.00 | 20,000.00 | 30,000.00 | 40,000.00 |
| | | | | | | | | | |
| MORTGAGE AMOUNT: | | | | 190,000.00 | 180,000.00 | 170,000.00 | 160,000.00 |
| | | | | | | | | | |
| IMMEDIATE COSTS: | Deposit (Generally 48 hours after offer accepted) | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| | | | Property Inspection (HST applicable) | 375.00 | 325.00 | 375.00 | 375.00 |
| | | | Water Tests (if applicable) | 103.00 | 0.00 | 103.00 | 103.00 |
| TOTAL IMMEDIATE COSTS | | | 1,478.00 | 1,325.00 | 1,478.00 | 1,478.00 |
| | | | | | | | | | |
| CLOSING COSTS: | | | | | | | |
| | Deed Transfer Tax (Municipal)(Purchase Price x 1.5%) | 3,000.00 | 3,000.00 | 3,000.00 | 3,000.00 |
| | Appraisal Fee (if applicable) ($150 - $300) | 150.00 | 150.00 | 150.00 | 150.00 |
| | Mortgage Application Fee ( if applicable) | 150.00 | 150.00 | 150.00 | 150.00 |
| | Taxes (for 2 months) Approximate!!! | 384.00 | 384.00 | 384.00 | 384.00 |
| | Oil (700 litres) ( estimated at $1.21/l - if applicable) | 847.00 | 847.00 | 847.00 | 847.00 |
| | Survey Certificate (if applicable)or Title Insurance (if applicable) | 200.00 | 200.00 | 200.00 | 200.00 |
| | Registration of Deed & Mortgage | 83.25 | 83.50 | 83.25 | 83.25 |
| | Legal Fees | 950.00 | 900.00 | 950.00 | 950.00 |
| | Legal Disbursements | 150.00 | 150.00 | 150.00 | 150.00 |
| | SUBTOTAL | | | | 5,914.25 | 5,864.50 | 5,914.25 | 5,914.25 |
| | HST on Immediate and Closing Costs | 871.58 | 364.72 | 871.58 | 871.58 |
| TOTAL CLOSING COSTS | | | | 6,785.83 | 6,229.22 | 6,785.83 | 6,785.83 |
| | | | | | | | | | |
| TOTAL COSTS TO PURCHASE YOUR HOME | 18,263.83 | 27,554.22 | 38,263.83 | 48,263.83 |