Page 22 - 2020 Buyer Package - Pallavi

COST OF BUYING

Buyer Cost Sheet

Purchase Price of Home

COST REMARKS / NOTES
Deposit Amount Varies
Home Inspec�on Amount Varies
Review All Documents, Ensure No Claims Against Property, Ensure Valid and Clean
Legal Costs (Varies / Approx) Title Upon Closing, Arrange Title Insurance, Ensure Property Taxes Up To Date,
Pay Land Transfer Tax, Register The Mortgage, Close Transac�on, Ensure All Legal
/ Financial Condi�ons Met, Exchange Legal Documents and Keys With Seller’s
Lawyer
Adjustments (Various / Varies) Pro-Rated Costs Such As: Property Taxes, Condo Fees, Mortgage Interest, Etc.
Mortgage Insurance up to and including 5% down @4.0%
(Applies with less than 20% down) up to and including 10% down @3.1%
up to and including 15% down @2.8%
up to and including 20% down @2.4%
8% PST on Mortgage Insurance Premium $ -
Land Transfer Tax TORONTO ONTARIO
If First Time Buyer In Ontario Apply $4000 Rebate $0-$55,000 @0.5%
If First Time Buyer In Toronto Apply $4475 Rebate $55,001-$250,000 @1%
$250,001-$400,000 @1.5%
Land Transfer Tax A�er Rebates $400,001 and more @2%
Sub-Total $ $ -
-
TOTAL $ -
Condo Elevator Booking Fee Amount Varies
U�lity Set Up Deposits Amount Varies
Title Insurance Amount Varies
Moving Costs Amount Varies
Development Fees Amount Varies (Pre-Construc�on Only)

Mortgage Amount $ - Effec�ve Mortgage Amount $ -
Deposit $ - 5 Year Fixed Mortgage - Monthly P/I - 25 Yr at rate of 2.89%
Equity (Savings, RRSPs etc) $ - 5 Year Variable Mortgage - Monthly P/I - 25 Yr at rate of2.39%

TOTAL CASH REQUIRED $ - CLOSING EXPENSES (Exc. Deposit, Downpayment, CMHC) $ -

*The above is for illustra�on only, actual figures will vary depending on numerous factors and must be verified with your respec�ve mortgage
specialist, lawyer, accountant, etc. Royal LePage Real Estate Services Ltd. and/or its representa�ves do not guarantee the above informa�on*