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Use our closing cost calculator to determine the fees needed to pay at a real estate transaction. Call us for further assistance.
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Fill in a few boxes on the top of the calculator, edit the disbursement tab and you have a 2-page summary of the cost of the transaction, which compares your quoted fee to the suggested fee schedule. Print it out to review with your client or send it to them via email.
A guideline on Average Closing Costs in Ontario ranges between 1.5% to 4% of the Purchase Price, for instance, the closing cost for a property purchase price at $500,000/- would vary between $7,500/- to $20,000/-.
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Discover your closing costs using our interactive closing costs calculator when buying, selling or refinancing a property in Ontario.
Our RATESDOTCA Closing Cost Calculator can do the math for you. All you need to do is input the required information like the down payment, asking price, land transfer tax, first-time homebuyer rebate, legal fee, to make sure the estimate is as accurate as possible.
Costs incurred before or on the date of closing of your home purchase are referred to as "closing costs". Many home buyers are "surprised" by closing costs when these costs are incurred. Failure to budget for closing costs may result in scrambling for cash at closing or missed closing dates.
People also ask
How do I Find my closing costs in Ontario?
What are closing costs?
How do I calculate the closing cost of a home?
Are closing costs a part of a real estate agreement?
Should you pay closing costs for a home buyer?
Closing costs for CMHC mortgage insurance are determined by where you reside. If you live in Manitoba, Ontario, Québec, or Saskatchewan, the HST/PST/GST rate applicable to your province must be paid on the CMHC premium. Our Closing Costs Calculator in Canada may help with that.
