KEEPING TRACK OF YOUR COSTS
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|
Purchase Price
|
$______________________________ |
|
Total Owing
|
$______________________________ |
|
Less Mortgage Amount
|
$______________________________ |
|
Still needed as
down payment
|
$______________________________ |
|
PLUS
The following are other possible purchase costs: |
|
|
Mortgage
inspection/processing fee
|
$______________________________ |
|
High ratio
insurance application fee, $75 if applicable
|
$______________________________ |
|
High ratio
insurance, if applicable
|
$______________________________ |
|
If the purchase is
a new home, GST will be added
|
$______________________________ |
|
Provincial Property
Transfer Tax, 1% up
to $200,000
and 2% on the balance of the
purchase price
|
$______________________________ |
|
Legal Fees
(lawyer/notary)
|
$______________________________ |
|
Land Survey, if not
available (lawyer/notary)
|
$______________________________ |
|
Miscellaneous
closing adjustments such as utilities
|
$______________________________ |
|
Mortgage interest
adjustment, if applicable
|
$______________________________ |
|
Total purchase
costs
|
$______________________________ |
|
Funds required upon
closing (down
payments plus
other purchase costs)
|
$______________________________ |