Within 24 hours of acceptance deposit amount (credited on closing)
Within 7 days HOME INSPECTION ($400) WATER TESTS ($50-$200 if on well) WATER FLOW TEST ($400 optional if on well)
On Closing Legal Fees & Disbursements ($650 +) Deed Transfer Tax (1.5% purchase price) Fuel Adjustment (full tank of oil/propane) Tax Adjustment (repayment of prepaid taxes) Interest Adjustment Survey ($400 if required)
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Hook-ups utilities, phone, internet, etc
Home Insurance
Moving Expenses
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CMHC/Mortgage Insurance 3.75% with 5% downpayment 2.5 % with 10% down 0 with 25% down
*all prices are examples only and will vary per professional and rates are subject to change*
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