Purchase and closing costs
Plan all the cash you need for your purchase: down payment, welcome tax, notary, inspection and more.
Cash needed (down payment + costs)
$68,614
Including $13,614 in costs, or 2.5% of the price
- Down payment
- $55,000
- Welcome tax
- $6,483
- 9% tax on the mortgage insurance premium
- $1,381
- Notary
- $1,800
- Inspection
- $750
- Adjustments
- $1,200
- Moving
- $1,500
- Other
- $500
- Total costs
- $13,614
Default amounts are for reference only: ask your notary and inspector for quotes. The mortgage insurance premium is added to the loan, but its 9% tax must be paid in cash.
Need personalized advice?
Numbers are a starting point. Let’s talk about your project and build a plan tailored to your situation.
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