Penny McCarroll, Sales Representative - 519.591.HOUSE [4687] - Penny@KWhomes4you.com
What closing costs will I incur and what mortgage amount is affordable?
As you prepare to buy a home, it is important to know your full costs. Check out the Closing Cost, Land Transfer Tax, and mortgage calculators below to get a better idea of your total costs.
Home Purchase Cost Estimate Work Sheet:
CMHC provides this work sheet to help you figure out and estimate the cost of your home purchase.
Mortgage Affordability Calculator
Easy to use mortgage tool to help you estimate the maximum mortgage you can afford.
A tool to find how much and how often your payment will be. Compare options and find one that's right for you.
Land Transfer Tax Calculator
Buyers in most areas will have to add Land Transfer Taxes to their closing costs.
Land transfer taxes are a part of the process unless you live in Alberta, Saskatchewan, or rural Nova Scotia. These taxes, levied on properties that are changing hands, are the responsibility of the buyer.
The following illustrates Land Transfer Taxes in Ontario.
ONTARIO
Land Transfer Tax Rates
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Not intended to solicit currently listed properties or Buyers who are in a "Buyer's Representation Agreement" contract. All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
