Whether you are selling in Georgetown, Acton, Erin, Halton Hills, Norval, Ballinafad, Hillsburg, Rockwood, Guelph or anywhere in Ontario, Closing Costs are a fact of life. While costs vary with every transaction, regardless of the type of property...detached or semi-detached home, townhome, or condominium, the outline provided on the worksheet below will allow you to approximate what your closing costs will be. You may have additional closing costs beyond the items provided in the outline...make notes and detail them under Miscellaneous Costs
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ITEM
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| Approximate Sale Price |
(A) |
$____________ |
| Less Sales Commission @ ___% |
$____________ |
|
| Less GST of 5% (on sales commission) |
$____________ |
|
| Less HST of 8% (on sales commission) |
$____________ |
|
| Less First Moirtgage Principal Payout |
$____________ |
|
| Less Discharge Penalty (> of IRD or 3 Mth's Int.) |
$____________ |
|
| Less Second Mortgage Principal Payout |
$____________ |
|
| Less Discharge Penalty |
$____________ |
|
| Legal Fees |
$____________ |
|
| Moving Costs |
$____________ |
|
| Disbursements |
$____________ |
|
| Tax Adjustment |
$____________ |
|
| Survey - If Required ($750 - $1200) |
$____________ |
|
| Miscellaneous Adjustments |
$____________ |
|
| TOTAL COSTS |
$____________ |
(B) |
| |
|
____________ |
| CASH AVAILABLE AFTER CLOSING |
(A - B) |
$____________ |
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| NOTES:_________________________________________________________________________________ |
| _______________________________________________________________________________________ |
| _______________________________________________________________________________________ |
| _______________________________________________________________________________________ |
| _______________________________________________________________________________________ |
Should you want any further information on closing costs related to the sale of your property please feel free to contact me by e-mail. Simply Click Here.
Deborah Gilmore...Your Trusted Source For Anything Real Estate!
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