Adult Financial Literacy Guide | Page 27

One-time expenses Before moving in Down payment Closing costs (budget for 1.5% to 4% of the purchase price of the home): Legal fees (or notary in Quebec) Land registration fees (also called land transfer taxes) Township/municipal levies Mortgage default insurance premium (if not included in payments) PST on mortgage default insurance premium Estimated amount Buying Your First Home Appraisal fee Home inspection fee Title insurance fee Property tax and utility adjustments Interest adjustments Survey or Certificate of Location Water and septic tank tests (if applicable) Deposits to builders (if applicable) Moving expenses/storage expenses Other expenses: ________________________ 27