| Expense Item | Typical Fee | When Do I Pay |
| Mortgage Application Fee
& Appraisal in required. | $235-$250
Check with your
lending institution | At time of mortgage application. |
| Residential Property Inspection Fee | $350 approx. | At time of inspection |
| Legal Fees | $500 +/-
Varies with property
and lawyer | Closing Date |
| Legal Disbursements, Costs | $200-$300 approx.
Tax certificate $40 +/-
Title search $100 +/-
Record deed/mortgage $100 +/- | Closing Date |
| Property Survey Report | $400-$600+
(may not be needed if excising one is acceptable) | Closing Date |
| Land Transfer Tax | .025% of purchase price | Closing Date |
| Mortgage Interest Adjustment | $100-$300+
Usually on closings when not at month end | Closing Date |
| Mortgage Insurance | Up to 80% - 1.25%
Up to 85% - 2.00%
Up to 95% - 2.50% | Generally amortized with
mortgage |
| Adjustments for Fuel and
Property Taxes | Fuel - $400 +/- (varies)
Taxes - adjusted per month. (varies) | Closing Date |
| Home & Property Insurance | $300-$500 +/- | Closing Date |
| Moving Expenses | Varies | Moving Day |
| The above information is a guide only and should not be relied upon without verification from the appropriate service provider or institution. You are strongly advised to compare prices and services.
|