Ontario Closing Cost Calculator
Estimate Ontario buyer closing costs, cash needed at closing, and the total including down payment.
Before you use this tool
What it estimates
Estimate Ontario buyer closing costs, cash needed at closing, and the total including down payment.
Who it is for
Ontario first-time and repeat buyers preparing a purchase budget.
Numbers you need
Purchase price, down payment, first-time buyer status, property type, and editable allowances for common closing costs.
What the result means
The tool estimates an itemized low-to-high closing-cost range and the total cash range including down payment.
Next step
Use the range to prepare your cash-to-close budget, then confirm exact figures with your lawyer, lender, insurer, builder, and service providers.
Review my purchase budgetPurchase details / Détails de l'achat
Editable planning allowances / Estimations modifiables
These defaults are typical planning ranges, not quotes or guaranteed costs.
Legal fees and disbursements / Frais juridiques
Title insurance / Assurance titres
Home inspection / Inspection de la propriété
Appraisal / Évaluation
Closing costs excluding down payment
$15,833–$18,083
Down payment included
$60,000
Combined cash estimate
$75,833–$78,083
Itemized estimate / Estimation détaillée
The mortgage-insurance premium itself may be added to the mortgage; Ontario PST on that premium is payable at closing and is not financeable.
Ontario land transfer tax
Estimate after a potential rebate of $4,000.00.
$7,475
Legal fees and disbursements
Typical editable planning range; actual lawyer charges and disbursements vary.
$1,500–$2,500
Title insurance
Typical editable estimate; property and policy details affect the premium.
$400–$900
Home inspection
Optional typical range; specialized inspections may cost more.
$400–$700
Appraisal
Typical allowance; a lender may pay it or may not require one.
$350–$800
Ontario PST on mortgage default insurance
8% of the estimated $27,600.00 premium using a 25-year amortization assumption; payable at closing and not added to the mortgage.
$2,208
Property tax and utility adjustments
Editable allowance for amounts the seller prepaid; the statement of adjustments controls.
$1,500
Moving and miscellaneous buffer
Editable planning buffer for moving and smaller purchase-related costs.
$2,000
Estimated cash needed at closing, excluding down payment
$15,833–$18,083
Estimates only / Estimations seulement. Actual closing costs depend on your purchase agreement, lawyer, lender, insurer, property, municipality, builder, service providers, and eligibility for rebates. This is not a quote, approval, or commitment to lend.Check minimum down payment and mortgage insuranceInclude these costs in an Ottawa rent-versus-buy comparison
Frequently asked questions
What are typical closing costs when buying a home in Ontario?
A common planning range is roughly 1.5% to 4% of the purchase price, excluding the down payment, but actual costs depend on the property, location, mortgage, lawyer, adjustments, and services selected. Land transfer tax can be a major item. Use the Ontario land transfer tax calculator for its bracket-based estimate, and confirm the final statement of adjustments with your lawyer.
Is Ontario PST on CMHC insurance paid at closing?
Ontario's 8% provincial sales tax on the estimated mortgage default-insurance premium is generally payable in cash at closing and is not added to the mortgage. The insurance premium itself is usually added to the loan. Use the CMHC and down payment calculator to estimate both amounts. Final insurance, tax, and closing figures depend on lender and insurer criteria.
How does the Ontario first-time homebuyer rebate affect closing costs?
An eligible first-time homebuyer may receive an Ontario land transfer tax refund of up to $4,000, reducing the provincial tax included in estimated closing cash. Eligibility depends on ownership history, residency status, occupancy, who takes title, and other legal requirements. The land transfer tax calculator can estimate the rebate, but your lawyer should confirm eligibility and the amount before closing.
Are new-build closing costs different from resale-home costs?
They can be. New-build purchases may involve HST treatment, builder adjustments, Tarion-related charges, utility connections, development levies, assignment terms, and contract-specific costs that are not captured by a general estimate. Rebates or caps may depend on the agreement and occupancy plans. Review the purchase contract with a qualified real estate lawyer and treat the calculator's allowance as an estimate only.