Mortgage calculator

Closing Cost Calculator Canada

Closing costs are the cash costs due around closing, separate from your down payment. Use this page to estimate the major categories, then run the full mortgage calculator for the payment and CMHC side.

Estimate mortgage and closing costs View methodology

Common examples

$500,000 purchase

Budget 1.5% to 4%

Province and city can move this materially.

Land transfer tax

Province-specific

Toronto buyers may also pay municipal land transfer tax.

Legal and title

Varies by file

Ask your lawyer/notary for a quote before conditions lift.

How to use this page

Use the examples above to confirm the calculation type you need.
Open the full calculator with the button above.
Change the amount, province, rate, or pay period to match your real scenario.
Use the source link below to verify the public rule behind the estimate.

Questions

Are closing costs included in the mortgage?

Usually no. Plan to pay closing costs from cash on hand unless your lender has a specific product that handles them differently.

Is CMHC insurance a closing cost?

The premium is usually added to the mortgage, but provincial sales tax on the premium may be due at closing in some provinces.

Source

This page links into the shared usecos calculator engine and cites FCAC mortgage and home buying guidance.