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 |
$ |
