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 — 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 14 days.
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