These costs can sneak up on you — know what they are.Closing costs can run from 1% to 4% of your home purchase price — and they're are on top of your down payment. Calculate yours to avoid ‘mortgage-close shock' for a stress-free process. Here are the approximate amounts for your Closing Costs and how they're paid.How PaidApprox. AmountLand Transfer Tax (LTT) or Title FeePaid through lawyerVaries by area (use calculator above)Home Inspection FeePaid to professional home inspector$500Appraisal FeeLenders often cover$300 - $600PST on default insurance premium in some provincesPaid through lawyerVaries by premium amountLegal and Admin FeesPaid through lawyer$500 - $1500Condo/Strata Document ReviewPaid through lawyer$350 - $450Wire or Draft FeesPaid through lawyer or bank$100 - $200Adjustment CostsVaries by item; paid through lawyer$500 - $2000Title insuranceBased on mortgage amount; can be purchased through lawyer$400 - $1000Home insurance (personal)Arrange through an insurance provider o...
