When Buying a Home, Consider The Following:
This is just a list of some of the expenses that will be incurred with your purchase, that you should be aware of:
1. Deposit at Time of Offer (part of down payment) $ --------
2. Property Appraisal Fee (may be required at your expense) ---------
3. Property Inspection Fee (highly recommended) ---------
4. Down Payment (at least 5% with mortgage loan insurance from CMHC) ---------
5. Legal Fees (must be paid upon closing) ---------
6. Legal Disbursements (must be paid upon closing) ----------
7. Property Survey / Title insurance ----------
8. Land Transfer Tax ----------
9. Mortgage Loan Insurance Premium (For < 20% down payment) ----------
10. Adjustment of Prepaid Property Taxes and/or Utility Bill ----------
11. Home & Garden Implements ----------
12. Moving Expenses ----------
13. Home & Property Insurance ----------
14. Utility Hook-up (Phone, Hydro, Gas, etc) ----------
15. Re-decorating (Paint, Drapes, Carpet, etc) ---------
16. Appliances (if necessary) ---------
17. Other Expenses (sale tax, water test, septic tank inspection, etc.) ----------
TOTAL: $----------
1. Deposit at Time of Offer (part of down payment) $ --------
2. Property Appraisal Fee (may be required at your expense) ---------
3. Property Inspection Fee (highly recommended) ---------
4. Down Payment (at least 5% with mortgage loan insurance from CMHC) ---------
5. Legal Fees (must be paid upon closing) ---------
6. Legal Disbursements (must be paid upon closing) ----------
7. Property Survey / Title insurance ----------
8. Land Transfer Tax ----------
9. Mortgage Loan Insurance Premium (For < 20% down payment) ----------
10. Adjustment of Prepaid Property Taxes and/or Utility Bill ----------
11. Home & Garden Implements ----------
12. Moving Expenses ----------
13. Home & Property Insurance ----------
14. Utility Hook-up (Phone, Hydro, Gas, etc) ----------
15. Re-decorating (Paint, Drapes, Carpet, etc) ---------
16. Appliances (if necessary) ---------
17. Other Expenses (sale tax, water test, septic tank inspection, etc.) ----------
TOTAL: $----------
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