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Closing Costs Calculator

Add up the cash you need to close on a home: land transfer tax, legal fees, title insurance, inspection, CMHC sales tax and moving, on top of your down payment.

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More options· Legal fees, inspection, moving and other costs
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Prepaid property tax, utilities, appraisal

Closing costs

$12,326

1.9% of the price, on top of your $65,000 down payment

Land transfer tax
$5,475
Cash you need in all
$77,326

What this means

Lenders usually want to see you have about 1.5% of the price for closing costs, on top of your down payment. These can’t be added to the mortgage.

As a first-time buyer, you save $4,000 of land transfer tax.

Next step

What you’ll pay at closing

Land transfer tax$5,475
Lawyer or notary$2,000
Title insurance$350
Home inspection$550
Sales tax on CMHC insurance$1,451
Adjustments and other$1,000
Moving$1,500
Total$12,326

Easy to forget

  • Property tax and utility adjustments: you repay the seller for anything they’ve prepaid.
  • GST/HST on a newly built home, if it isn’t included in the price.
  • Home insurance must be in place before closing, and condo buyers may pay a status certificate fee.
Assumptions in this estimate
  • Legal, title insurance, inspection and moving costs are typical starting figures: change them to your quotes.
  • Land transfer tax uses this province’s 2026 rates and first-time buyer rebates.
Spotted a mistake? Tell us

How the calculator works

  1. Price, down payment and province: for land transfer tax and any CMHC sales tax.
  2. First-time buyer: for rebates and exemptions.
  3. Other costs: legal fees, title insurance, inspection, adjustments and moving, with typical starting figures.

Example

A first-time buyer paying $650,000 in Ontario (outside Toronto) with 10% down:

Amount
Land transfer tax (after the $4,000 refund) $5,475
Lawyer $2,000
Title insurance $350
Home inspection $550
Sales tax on CMHC insurance $1,451
Adjustments and other $1,000
Moving $1,500
Total $12,326 (1.9% of the price)

In Toronto, the city’s own land transfer tax adds about $5,000 more. See the land transfer tax calculator.

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Frequently asked questions

How much are closing costs in Canada?

Usually 1.5% to 4% of the price, mostly land transfer tax. Lenders like to see at least 1.5% set aside on top of your down payment.

Can closing costs go on my mortgage?

No. You need them in cash, along with your down payment, by closing day.

Do first-time buyers pay less?

Often. Ontario, BC and PEI cut or refund land transfer tax for first-time buyers, and Toronto has its own rebate too.

What are adjustments?

Your share of costs the seller has prepaid, such as property tax and utilities, worked out to the closing date.