Buying
Costs Worksheet
Typical One Time Closing Costs: (please print out for use)
| Purchase Price: |
|
Home Inspection Fee:
($160-300) |
|
Legal Fees:
($700-1000) |
|
Mortgage Appraisal Fee:
($150-200) |
|
Mortgage Processing Fee:
($85-125) |
|
CMHC Loan Insurance Fee:
(See Mortgage Specialist) |
|
Property Purchase Tax:
(1% on first $200,000 and 2% on balance)
(May be eligible for exemption if first time buyer)
|
|
Goods and Services Tax:
(4.48% if principal residence)
(7% if an investment property)
(Only on new homes) |
|
Miscellaneous Closing Adjustments:
(Property tax adjustment)
(Maintenance fee adjustment) |
|
| Moving Expenses: |
|
| Total Estimated "One-time" Closing Costs: |
|
Typical Monthly Costs
Mortgage Payment:
(See Mortgage Specialist) |
|
| Monthly Property Taxes: |
|
Maintenance Fees:
(Condo only) |
|
| Home Insurance: |
|
| Estimated BC Hydro: |
|
| Security Monitoring System: |
|
| Total Estimated "Monthly" Costs: |
|
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