NAVA WILSON PROFESSIONAL CORPORATION

Suite 210, 10 Milner Business Court, Toronto, Ontario, M1B 3C6
Tel: 416-321-1100 · Fax: 416-321-1107 · HST # 829252303RT0001

Closing cost estimate

Enter your purchase price, the deposit you have already paid, and your mortgage amount, and we'll estimate how much you'll need to bring to your closing.

This is an estimate for planning purposes only. Final figures will be set out in the Statement of Account before closing.Once we act for you on your purchase, your exact figures are calculated from your lender's mortgage instructions and confirmed in a signed Statement of Account before closing.

Your numbers

A few details from your purchase agreement.

Purchase price

Deposit already paid

Mortgage amount

Enter 0 if this is a cash deal.

Where is the property?

Toronto charges a second, municipal land transfer tax.

Estimated closing costs

An approximate figure — we'll confirm exact amounts once we act on your purchase.

Funds you'll need on closing

$3,105.89

Certified funds due to your lawyer on closing day.

Purchase price$0.00

less deposit already paid—

less mortgage advance from your lender—

plus total closing costs+ $2,105.89

plus property tax & common expense adjustments+ $1,000.00

Land Transfer Tax

Ontario provincial land transfer taxi$0.00

Title Insurance

First Canadian Title — premiumESTIMATEi$0.00

First Canadian Title — submission & reviewi$150.00

Third-Party Disbursements

Registration of transferi$85.00

Teraview — title searches & reviewESTIMATEi$54.80

Sheriff's certificatesESTIMATEi$133.60

Legal & Admin Fees

Legal feesi$1,200.00

Admin feei$250.00

HST @ 13% on taxable fees & disbursementsi$232.49

Total closing costs$2,105.89

Adjustments

Property tax & common expense adjustmentsESTIMATEi$1,000.00

This is an estimate for planning purposes only. Final figures will be set out in the Statement of Account before closing. It excludes Statement of Adjustments items — property tax, utility and condominium fee prorations, and interest — which are settled at closing and typically add a modest amount. The title insurance premium is an approximation and should be confirmed against the actual First Canadian Title quote before the figure is relied upon. Land transfer tax assumes a standard residential purchase. The first-time home buyer rebate is applied only when selected, and eligibility must be confirmed. E. & O.E. Assumes a standard residential purchase with no more than one mortgage, no independent legal advice, no title-related rectification, and no gift or trust arrangements; additional fees apply where these are needed.