Closing Costs Worksheet
A fillable worksheet to estimate all closing costs when buying a home, from land transfer tax to legal fees.
About This Resource
Closing Costs Worksheet
Property Address: _______________________________
Purchase Price: $________ Province: ______
Land Transfer Tax (LTT)
Estimated LTT: $________ (Note: Toronto also charges a municipal LTT. First-time buyers may qualify for rebates in ON, BC, and Toronto.)
Legal Fees
Legal fees (flat or %): $________
Disbursements (title search, registrations, courier): $________
Insurance
Home insurance (annual premium): $________
Title insurance (one-time): $________
Inspections
Home inspection: $________
Additional inspections (sewer scope, radon, mold): $________
Mortgage Costs
CMHC/Default insurance (if down payment < 20%): $________
Mortgage broker fee (if applicable): $________
Appraisal fee: $________
Adjustments
Property tax adjustment (seller's portion reimbursed): $________
Utility/fuel adjustment: $________
Other Costs
Moving costs (estimated): $________
New furniture/appliances: $________
Immediate repairs/renovations: $________
Condo status certificate review (lawyer): $________
Total Estimated Closing Costs
GRAND TOTAL: $________
Quick Reference
- Ontario LTT on $500K: ~$6,475
- Ontario LTT on $1M: ~ $16,475
- First-time buyer rebate (ON): up to $4,000
- Rule of thumb: Budget 1.5–4% of purchase price for all closing costs
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