Cash needed at closing
The deposit is not an extra down payment.
Separate what you have already paid from what still needs to reach your lawyer. See the Ontario land transfer tax and the costs that can be easy to leave out.
See what changes
Your result belongs
in context.
Enter your amounts and choose Calculate. The breakdown will appear here.
What this calculation does
The assumptions
stay in view.
- Ontario residential land transfer tax only. Milton has no Toronto municipal land transfer tax in this model.
- Deposit is credited toward the down payment. Remaining cash equals down payment less deposit, plus the entered costs and calculated tax.
- No non-resident tax, HST on a taxable purchase, special exemption or mortgage-insurance premium is calculated. Add applicable costs with your professionals.
Helpful references
Ontario: land transfer tax calculation ↗FCAC: down payment rules ↗Use this as planning math, then confirm the numbers that matter with the right professional before you commit.
Explore another tool →When a number raises another question
Bring the part that
does not quite add up.
I can help put the real-estate decisions in order and identify what belongs with your lender, lawyer or tax advisor.
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