Mortgage Closing Costs Calculator for Canada and the U.S.
Choose Canada or the United States, enter the purchase price and down payment, then review the costs that can be different by province, municipality, lender, and transaction. The estimate is for planning, not a quote or approval.
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Make the next pricing or planning decision with context
Build a Canada or U.S. cash-to-close estimate that separates the down payment from taxes, lender and legal or settlement fees, insurance, prepaids, escrow, and credits. Ontario and Toronto land-transfer taxes are shown separately; other jurisdictions remain editable.
Instant calculations · Editable fee assumptions · Export-ready results
Inputs
Values update results instantly. Adjust fee assumptions to match your seller dashboard.
Your figures are saved in this browser on this device.
Purchase
Cash applied to the purchase price. This is included in cash needed at closing.
Canada tax assumptions
Canada only. Ontario rules are calculated; other jurisdictions use the editable tax input below.
Canada only. Adds the Toronto municipal land-transfer-tax estimate when Ontario is selected.
Applies the Ontario rebate up to $4,000 and Toronto rebate up to $4,475 when those rules apply.
Enter the local or provincial amount for a non-Ontario purchase. Ignored for Ontario and the U.S.
Canada closing costs
Estimated adjustments owed to the seller at closing.
Enter the tax amount payable on a CMHC premium. The premium itself may be financed and is not added here.
Add any local, lender, moving, or transaction cost you want to include.
U.S. closing costs
One point equals 1% of the mortgage amount. Enter zero when no points are charged.
Credits
Credits reduce cash needed at closing, subject to the transaction and lender rules.
Results
Live estimates based on your inputs and editable fee assumptions.
Estimated total closing costs
$15,825.00
Itemized costs before credits.
Estimated cash needed at closing
$90,825.00
Down payment plus closing costs less entered credits.
Land-transfer taxes after rebates
$11,475.00
Ontario and Toronto estimate, or the editable non-Ontario amount.
First-time buyer rebate
$0.00
Ontario and Toronto rebates applied when selected.
Mortgage amount before insurance
—
Purchase price less down payment.
U.S. discount points amount
$6,750.00
Points calculated as a percentage of the mortgage amount.
What this means
Canada estimate: $15,825.00 of closing costs and $90,825.00 of cash needed at closing after $0.00 in entered credits.
Estimated closing-cost mix
Interactive breakdown of fees, costs, and remaining profit.
Distribution
- Land-transfer taxes$11,475.0072.5%
- Professional and transaction costs$3,150.0019.9%
- Other costs and adjustments$1,200.007.6%
Total $15,825.00 · 3 segments · interactive
Line-item breakdown
Dollar amounts, share of revenue, and visual proportion.
- Ontario land-transfer tax after rebate
- $11,475.00
- Toronto municipal tax after rebate
- $0.00
- Non-Ontario land-transfer tax
- $0.00
- Legal fees and disbursements
- $1,800.00
- Title insurance
- $500.00
- Home inspection
- $450.00
- Appraisal
- $400.00
- Property-tax and utility adjustments
- $1,200.00
- Tax on CMHC premium
- $0.00
- Other Canadian closing costs
- $0.00
- Total closing costs
- $15,825.00
- Down payment
- $75,000.00
- Credits
- $0.00
- Cash needed at closing
- $90,825.00
Assumptions used
- • Canada purchase at $750,000.00 with $75,000.00 down
- • Ontario marginal tax applied
- • No Canadian first-time buyer rebate included
- • Credits entered: $0.00. Deposits, grants, gifts, and lender-specific limits are not inferred.
- • Confirm current tax schedules, eligibility, lender fees, and legal charges before using this for a transaction.
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Explore Mortgage & Home BuyingMortgage Closing Costs Calculator
Generated 9/10/2026, 7:13:48 PM · Currency CAD
Inputs
- Country: canada
- Purchase price: 750000
- Down payment: 75000
- Canadian province or territory: ontario
- Purchase is in Toronto: false
- First-time buyer: false
- Non-Ontario land-transfer tax: 0
- Legal fees and disbursements: 1800
- Title insurance: 500
- Home inspection: 450
- Appraisal: 400
- Property-tax and utility adjustments: 1200
- Tax on CMHC premium: 0
- Other Canadian closing costs: 0
- U.S. lender or origination fees: 2500
- U.S. discount points (% of loan): 1
- U.S. title and settlement fees: 2500
- Recording and transfer charges: 600
- Inspection and survey: 900
- Prepaid property taxes and insurance: 2400
- Initial escrow funding: 1800
- Other U.S. closing costs: 0
- Seller or lender credits: 0
Results
- Ontario land-transfer tax after rebate: $11,475.00
- Toronto municipal tax after rebate: $0.00
- Non-Ontario land-transfer tax: $0.00
- Legal fees and disbursements: $1,800.00
- Title insurance: $500.00
- Home inspection: $450.00
- Appraisal: $400.00
- Property-tax and utility adjustments: $1,200.00
- Tax on CMHC premium: $0.00
- Other Canadian closing costs: $0.00
- Total closing costs: $15,825.00
- Down payment: $75,000.00
- Credits: $0.00
- Cash needed at closing: $90,825.00
Interpretation
Canada estimate: $15,825.00 of closing costs and $90,825.00 of cash needed at closing after $0.00 in entered credits.
How it works
Methodology & formulas
This calculator is transparent by design. Review the steps and formulas so you can trust the estimate and adjust assumptions when your dashboard differs.
Calculation steps
- 1Identify the country and, for Canada, the selected province and Toronto toggle.
- 2Calculate Ontario and Toronto marginal taxes only when their jurisdiction rules apply, then subtract selected first-time rebates.
- 3Add the editable professional, lender, prepaid, adjustment, and other costs for the selected country.
- 4Calculate cash needed as down payment plus closing costs minus entered credits, floored at zero.
Formulas
- Ontario LTT = sum of each marginal bracket amount × bracket rate
- Toronto municipal LTT = Toronto marginal brackets when the Toronto toggle is on
- Land-transfer tax after rebate = gross applicable tax − eligible rebate
- U.S. discount points = mortgage amount × points% ÷ 100
- Total closing costs = applicable tax + itemized costs
- Cash needed at closing = down payment + total closing costs − credits
Important assumptions
- Ontario land-transfer tax uses marginal brackets of 0.5% to $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000, and 2.5% above $2,000,000.
- Toronto municipal tax uses the Ontario-style base through $2,000,000, then 2.5% to $3,000,000, 4.40% to $4,000,000, 5.45% to $5,000,000, 6.50% to $10,000,000, 7.55% to $20,000,000, and 8.60% above. Toronto municipal luxury tiers reviewed for April 1, 2026 effective-date guidance.
- Ontario first-time buyer rebate is capped at $4,000. Toronto's municipal rebate is capped at $4,475. Rebates depend on eligibility and current rules.
- Non-Ontario Canadian land-transfer tax is an editable amount. The calculator does not pretend to model local provincial or municipal schedules.
- U.S. closing costs are itemized inputs. No national transfer-tax rate, state table, FHA, VA, or USDA assumption is applied.
- Ontario and Toronto rates are reviewable reference assumptions. Confirm current guidance with the Ontario Ministry of Finance, City of Toronto, lender, lawyer, or other qualified professional before relying on an estimate.
Sources & review
Know what this estimate is built on
Use these official references to locate the policy, plan, or help details behind the editable inputs.
Official references
Use the current terms
These Canadian and U.S. government references are starting points for mortgage insurance, home-buying education, and selected taxes. They do not validate every default or determine eligibility. Rates, fees, taxes, rebates, qualifying rules, and lender criteria change by jurisdiction and borrower. Use the editable assumptions, then confirm current terms with a licensed mortgage broker or lender.
Defaults are editable estimates. Match them to your current account, provider statement, official authority, lender, or adviser before making a pricing or investment decision.
Calculator model reviewed: August 9, 2026. This date covers the page and calculator guidance, not a guarantee that every live platform rate or term was re-audited on that date.
Worked example
Ontario first-time buyer estimate
$750,000 Ontario purchase, $75,000 down, first-time buyer, $1,800 legal fees, $500 title insurance, $450 inspection, $400 appraisal, and $1,200 adjustments.
FAQ
Common questions
Related guides
Read the guide behind the number
Use these practical guides to check the assumptions behind Mortgage Closing Costs before you make the next decision.
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