Real estateOntario closing costs calculator
Your down payment is only part of the money you need to buy a home. Enter the price and your down payment to estimate the cash you need on closing, including land transfer tax, the sales tax on mortgage insurance and the adjustments with the seller.
Buying your first home? Read my page for first-time home buyers on the refunds and savings plans that can reduce these costs.
When the statement of adjustments arrives before closing, here’s how to read it, line by line.
Enter the price to see the minimum down payment.
The deposit you paid when your offer was accepted counts toward your down payment.
Other closing costs, if you know them
Ask me for a quote. It includes title insurance and registration costs.
Your share of property taxes, utilities or condominium fees the seller has already paid for the period after closing.
Your mortgage
Cash you need on closing
This is an estimate for the purchase of a home. Minimum down payments follow the federal rules: 5% of the first $500,000 of the price, 10% of the portion from $500,000 to $1.5 million, and 20% on a home priced at $1.5 million or more, where mortgage insurance is not available. Mortgage insurance premiums use CMHC's published rates for a purchase with a traditional down payment, with 0.20% added for a 30-year amortization (checked September 2026). Your lender confirms the insurer and the actual premium. Land transfer tax is calculated as in my land transfer tax calculator. The estimate does not include HST on a newly built home, lender fees, a home inspection or appraisal paid before closing, or moving costs. Before closing, I send you a statement of adjustments with the exact amount you need to provide.