Closing Cost Calculator

Every buyer asks me some version of the same question a few weeks before closing: "Wait, I need how much cash on top of my down payment?"

It's not a trick question. Nobody tells you about it up front. You budget for the down payment, you budget for the mortgage, and then a week before closing, your lawyer sends you a number that includes land transfer tax, legal fees, title insurance, maybe a home inspection you already paid for, and a reconciliation for property tax the seller already paid.

None of that is hidden or shady. It's just stuff nobody explains until you're already holding the number. So I built this. Punch in a price, and it'll walk you through it, layer by layer, same way your lawyer eventually will. It won't be exact to the dollar (only your lawyer's final statement is), but it'll get you close enough to stop guessing.

Waterloo Region · Cambridge · Kitchener · Guelph & area

So what's this actually
going to cost you?

Not the mortgage. The other stuff. The cheque you write on closing day that nobody warns you about until it's due. Punch in a price and I'll break it down, layer by layer.

Purchase price

$

First-time home buyer? Ontario gives you a rebate on the land transfer tax

Land transfer tax, layer by layer

Adjust legal fees, inspection & the rest

Legal fees & disbursements

$

–

$

Ask your lawyer for a flat-fee quote up front so there's no surprise.

Title insurance

$

–

$

One-time premium, arranged by your lawyer.

Home inspection

$

–

$

Not mandatory, but worth every penny.

Moving & the little stuff

$

–

$

Movers, locks, utility hookups, the pizza you order because you're too tired to cook.

Property tax & utility reconciliation

$

–

$

If the seller prepaid property tax or utilities, you reimburse them for the days you own the home. Depends entirely on your closing date, so the range is wide.

Estimated cash to close

$0

This is on top of your down payment, not instead of it. And if your down payment is under 20%, you'll need mortgage default insurance (CMHC), the premium usually gets rolled into your mortgage, but the provincial sales tax on that premium is due in cash at closing, so budget for that too. Your lawyer will send you the real, exact number a few days before closing.

Do you have any questions? Reach out anytime, 519-222-0640 or book a time and I'll walk through it with you.

Built for purchases in Ontario outside the City of Toronto (Toronto adds its own municipal land transfer tax on top of this, so if that's you, just call me). Land transfer tax is calculated using Ontario's current marginal rate brackets, so that number is exact. The first-time buyer rebate is capped at $4,000 and applies automatically if you qualify. Everything else, legal fees, title insurance, inspection, moving, and the property tax and utility reconciliation, is shown as a range and can be adjusted. Those are typical Ontario ranges, not quotes. Every deal is different. Talk to your real estate lawyer before you rely on any number here for your actual closing.