MortgageCompass

Cash to close

Closing cost planner

Calculate Ontario, Toronto, or B.C. transfer tax and plan legal fees, moving, and reserves. Change any assumption and the full plan recalculates instantly.

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Cash-to-close plan

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Property and loan
Closing cost assumptions
CAD planning estimate
Estimated cash to close$171,550including down payment and retained buffer
Down payment$130,000
Transfer tax after relief$18,950
Toronto municipal tax before relief$9,475
Other costs$7,600
Cash after close-$16,550

Planning estimate only. Lenders use their own qualification, compounding, rounding, insurance, fee, tax, and contract rules.

Calculator guide

Estimate cash needed at closing

Cash to close is more than the down payment. This planner adds estimated land transfer tax, legal or settlement fees, inspection, appraisal, title insurance, moving costs, initial repairs, and a retained emergency buffer.

The location presets calculate Ontario land transfer tax, Toronto provincial and municipal land transfer taxes, or British Columbia property transfer tax. The first-time buyer option applies a simplified estimate of the official relief and does not determine eligibility.

01

Enter a useful scenario

  1. Enter the purchase price, down payment, available cash, and buffer.
  2. Choose Toronto, Ontario outside Toronto, British Columbia, or a manual rate.
  3. Select first-time buyer relief only if you expect to meet every official condition.
  4. Replace the default legal, inspection, appraisal, title, moving, and repair figures with written estimates.
02

What is included and excluded

Transfer tax is shown after estimated first-time buyer relief. Toronto also shows its municipal tax before relief because it is charged in addition to Ontario tax.

The planner does not calculate every adjustment, sales tax on a new home, non-resident tax, lender insurance, utility setup, condo status documents, or unusual legal work. Your lawyer's statement of adjustments controls the final amount.

Questions answered

Frequently asked questions

Does Toronto have two land transfer taxes?

Yes. A Toronto purchase can have Ontario land transfer tax and Toronto municipal land transfer tax.

Does the B.C. preset calculate property transfer tax?

Yes. It applies the general B.C. brackets and the current first-time buyer exemption range when selected.

Are condo closing costs different?

The same transfer-tax location rules can apply, but condo fees, status documents, adjustments, insurance, and new-construction charges may add costs.

Official references

Rules and tax programs can change. Confirm the current requirements before acting.

Use the estimate well

What this calculator can and cannot tell you

It can model transparent assumptions, compare scenarios, and expose tradeoffs. It cannot approve a loan, quote a lender, predict markets, interpret your contract, or replace licensed advice.

A

Try a range

Run the base case, a higher rate, a lower home value, and a cash-buffer case.

B

Check the contract

Confirm compounding, prepayment, fees, insurance, dates, and lender rounding.

C

Keep liquidity

A feasible payment is not the same as a resilient household budget.

Related field notes

Understand the decision behind the number

Planning

Closing Cost Calculator Canada Guide

Estimate cash to close in Canada, including Ontario, Toronto, and British Columbia transfer taxes, fees, adjustments, and a reserve.

Read guide →