The down payment isn’t the whole bill. Estimate everything an Ontario buyer pays on closing day (land transfer tax, legal fees, title insurance, insurance PST and adjustments) and the total cash to have ready.
Estimate only, not financial, legal or tax advice. Figures depend on your actual rates, terms and local costs.
Land transfer tax (provincial plus Toronto’s municipal tax where it applies, net of first-time-buyer rebates), legal fees and disbursements, title insurance, Ontario’s 8% PST on a CMHC premium when the mortgage is insured, and closing adjustments, the prepaid property taxes or utilities reimbursed to the seller.
Moving costs, immediate repairs, appliances and utility hookups land after closing, not on the statement of adjustments, so budget for them separately. A home inspection is typically paid when it happens, before the offer firms up.
Outside Toronto, closing costs commonly land between 1.5% and 3% of the purchase price; inside Toronto the doubled land transfer tax pushes that higher. The calculator replaces the rule of thumb with your actual numbers.
Agents: walk buyers through the full cash picture, then run the whole listing from one workspace. Free for one listing at a time, no credit card.
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