No one likes unexpected bad news—especially the financial kind!
This worksheet can help you prepare for the cost of closing, moving, and getting settled into your new home.
Common Closing Costs:
- Balance of down payment after initial deposit with offer
- Mortgage loan administration and/or appraisal fees
- Points or loan discount fees paid to receive a lower interest rate
- Credit report fees
- Mortgage insurance premiums
- Land transfer tax and title registration fees
- Title insurance policy premiums
- Survey expense
- Legal fees and related costs (couriers, photocopies, etc.)
- Pro-rated amounts for your share of any prepaid costs, such as utility bills and property taxes.
- Packing supplies
- Vehicle rentals (My clients receive a free rental van for moving!)
- Ancillary expenses (food, hotels, etc.)
On average, a Canadian home buyer may spend approximately $1,325 on moving costs.3
- Changing locks
- Painting, minor renovations, and repairs
- Furniture for additional rooms
- Lawn care and landscaping
On average, a Canadian home buyer may spend approximately $3,550 on general household purchases, $6,575 on furniture and appliances, and $9,525 on renovations.3