Once you have determined the price range you can afford and the type of mortgage you qualify for, you will need to take into consideration all of the associated costs of the transaction to make sure you are financially ready. Here are some upfront costs:

• Deposit: 1-2% and above of purchase price (negotiable)
• Home Inspection: $400-$600
• Water Potability Test*: $75
• Well Inspection + Potability Test*: $600
• Wood Energy Technology Transfer (WETT)
• Inspection*: $200
• Septic Inspection*: $500-$600
• Status Certificate**: $100
• Appraisal: $300
• Home Insurance: Quote required
• Land Transfer Tax: See chart below
• Prepaid Property Tax and Utility Adjustments:prorated
• First Mortgage Fee: $200
• Disbursements (lawyer out of pocket expenses): $800
• Lawyer Fees: $600-$1000
• Title Insurance: (if required or desired)

Purchase Price of Home                                                           Land Title Transfer Free

Up to and including $55,000                                                        ……………… 0.5%

$55,000.01 to $250,000                                                              ………………..1.0%

$250,000.01 to $368,333                                                            ………………..1.5%

$368,334.00 to $400,000                                                            ………………. 1.5%

$400,000.01 to $2,000,000                                                         ………………. 2.0%

Over $2,000,000                                                                         ………………. 2.5%

*If applicable to the sale, typically conducted on rural properties.
**For condos, condo freeholds and freeholds with homeowners associations.