A New Tool to Calculate Your Closing Costs

By MyClosingCosts.ca

Imagine that after months of house hunting, you’ve finally found your dream home. Your down payment is saved up, you’ve had a successful home inspection, picked a real estate lawyer, and are just waiting for closing day so you can get the keys and move in. But when closing day comes, your real estate lawyer hands you a statement of adjustments that includes a number of charges you didn’t expect to pay for. Land transfer tax, title insurance, disbursements and other fees – how can they add up to so much?

The team at RateHub.ca is excited to announce the soft launch of their new sister site MyClosingCosts.ca – a one-stop website where homeowners can calculate their closing costs and get in touch with a service provider who can help them throughout the home buying process. Closing costs can add up to anywhere from 1.5 to 4 per cent of the purchase price of a home and we want buyers to be able to budget for them from the start. Checkout our calculator and see how it can help you.