Typical One-Time Transaction Costs:
- Mortgage Application and Appraisal Fee (paid at time of application)
- Property Inspection (optional)
- Legal Fees (paid at closing)
- Legal Disbursements (paid at closing)
- Property Survey (sometimes provided by seller)
- Land Transfer, Deed Tax or Property Purchase Tax (paid at closing)
- Mortgage Interest Adjustment and Take Over Fee (if applicable and paid at closing)
- Adjustments for Fuel, Taxes etc.. (paid at closing)
- Home and Property Insurance (closing and on-going)
- Moving Expenses (paid on moving)
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.
