List of expenses

Most expenses toward the purchase of a house appear at THE TIME OF THE OFFER or ON CLOSING. The followings list is an example of these expenses (Helpful hint: print this list out and fill it in with the numbers that apply to you):

EXPENSES
WHEN
COST
Deposit

At time of offer

$

Mortgage Application

At time of offer

$

Property Appraisal

At time of offer

$

Mortgage Insurance

Added to mortgage

$

Property Inspection

At time of offer

$

Property Survey (Enquire re: title insurance to your lawyer)

Varies in cost and timing

$

Legal Fees

On closing

$

Legal Disbursements

On closing

$

Land Transfer Tax

On closing

$

Mortgage Interest Adjustments

On closing

$

Adjustment for taxes, utilities (incl. transfer costs) etc.

On closing

$

Home Insurance

On closing

$

Moving Expenses

On closing

$

Home and garden expenses

On closing

$

Sales Tax (new homes)

On closing

$

Balance of the down payment

On closing

$

expenses