Madhur KalraCalculators › Cash to close

How much cash do you actually need to buy?

Your down payment is only part of it. Answer five quick questions and you'll see your land transfer tax, rebates, legal fees and the total cash you need on closing day.

Takes about a minute.

What's the purchase price?

A rough number is fine. You can change it later.

Where are you buying?

The City of Toronto charges its own land transfer tax on top of Ontario's.

Is this your first home?

Usually that means you've never owned a home anywhere in the world, and neither has your spouse while you've been together.

New build or resale?

How much are you putting down?

Here's your number

Total cash you'll need
Down payment Closing costs

Want the full breakdown?

I'll show you every line here and email you a copy, so you have it when you talk to your lender.

I'll use your details to send your breakdown and to follow up about your purchase. I don't sell or share your information.

Your breakdown

Total cash you'll need
Down payment Closing costs

A few things to keep in mind

  • Land transfer tax is due on closing day in cash. It can't go on your mortgage.
  • Keep a little extra aside for a home inspection, moving and the first few bills.
  • Your lawyer sends you the exact amount a few days before closing. This gets you close.

If you want to go through your numbers together, or figure out what price actually makes sense for you, I'm happy to help.

Book a quick call

Estimates only, for general information. Not legal, tax or mortgage advice. Rebates depend on eligibility, and your lawyer and lender confirm the final figures. Land transfer tax uses current Ontario and City of Toronto rates. Lawyer fees and adjustments are typical estimates. CMHC premiums use standard rates.

Madhur Kalra, Sales Representative · eXp Realty, Brokerage · 4711 Yonge St, 10th Floor, Suite 106430, Toronto, ON M2N 6K8 · 1-866-530-7737