Budget Wisely
There are many additional closing costs you need to consider when buying a home. Aside from your down payment you should budget for approximately an additional 2% of your purchase price to cover these costs. These may include:
One-time Fees include:
- Legal fees and disbursements
- Property land transfer tax
- Property tax adjustments
- Interest
- Home inspections, appraisal fees, water quality test
- Moving Expenses
- Home Insurance
Regular Monthly Expenses include:
- Homeowners insurance
- Utility costs (Hydro, gas, water, cable, telephone, internet services)
- Repairs and maintenance
- Mortgage payments (Weekly, biweekly, or monthly)
- Property taxes
- Condo fees (If applicable)
If you have any questions, or concerns, contact us at 204-987-9808 or toll free at 1-877-778-3388
