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The cost of a home is made up of more than just the purchase price. Once you have picked a price range and decided on the type of mortgage you want, you will need to add up all of the costs of buying a house to determine what you can afford. This worksheet will help you do just that.
| Description of Cost | Cost |
| Up-Front Costs | |
| Purchase price | $ |
| GST (if applicable) | $ |
| Total Cost of Home (add the purchase price and GST if applicable) | $ |
| Up-Front Costs | |
| Appraisal fee (if applicable) | $ |
| Deposit (to be paid when you sign the Offer to Purchase) | $ |
| Down payment | $ |
| Estoppel certificate fee (for condominium/strata unit) | $ |
| Home inspection fee | $ |
| Land registration fee | $ |
| Legal fees and disbursements | $ |
| Prepaid property taxes and/or utility bills adjustment | $ |
| Property insurance | $ |
| Survey or certificate of location cost | $ |
| Title insurance | $ |
| Other | $ |
| Total Up-Front Costs | $ |
| Other Costs | |
| Appliances | $ |
| Gardening and snowclearing equipment | $ |
| Window treatments and decorative materials | $ |
| Hand tools | $ |
| Dehumidifier | $ |
| Moving expenses and service hook-up fees | $ |
| Renovations or repairs | $ |
| Condominium fees | $ |
| Total Other Costs | $ |
For more homebuying tips, visit CMHC's interactive Step by Step Guide at www.cmhc.ca. CMHC is Canada's largest provider of mortgage loan insurance, helping Canadians buy a home with a minimum down payment starting at 5%. Ask your mortgage professional about CMHC.
The information is provided by CMHC for general illustrative purposes only, and does not take into account the specific objectives, circumstances and individual needs of the reader. It does not provide advice, and should not be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. Neither CMHC and its employees nor any other party identified in this Article (Lender, Broker, etc.) assumes any liability of any kind in connection with the information provided. CMHC stakeholders are permitted to distribute the materials at their expense. The above mentioned stakeholder organization is responsible for the distribution of this document.
