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Bank of Canada 2.25% ▬ 0.00|Prime 4.45% ▬ 0.00|GoC 5yr 3.01% ▲ 0.02|CMB 5yr 3.42% ▲ 0.01|CORRA 2.24% ▼ 0.01|as of Jun 15, 2026 · sample · view the rate board →|Bank of Canada 2.25% ▬ 0.00|Prime 4.45% ▬ 0.00|GoC 5yr 3.01% ▲ 0.02|CMB 5yr 3.42% ▲ 0.01|CORRA 2.24% ▼ 0.01|as of Jun 15, 2026 · sample · view the rate board →|

Budgeting Beyond the Down Payment: Closing Costs Worksheet

Closing costs are the one-time expenses you pay to complete a purchase, on top of your down payment. Use this worksheet to estimate yours and set the money aside early. Fill in what you can, and we will help you sharpen the rest.

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Estimate your Closing Costs

  1. Legal Fees and Disbursements. Your lawyer or notary to close the purchase and register the mortgage.
  2. Title Insurance. A one-time policy many lenders require to protect against title issues.
  3. Property Appraisal. A lender may require an appraisal to confirm the property value.
  4. Home Inspection. Optional, but a common step before you commit to a purchase.
  5. Deed Transfer Tax. In Nova Scotia a municipal deed transfer tax applies in most areas; the rate varies by municipality.
  6. Property Tax and Utility Adjustments. Reimbursing the seller for amounts they prepaid past your closing date.
  7. Sales Tax on Default Insurance. Where a mortgage is insured, the sales tax on the premium is paid at closing.
  8. Moving and Immediate Setup. Movers, utility hookups, and the first round of setup costs.
  9. Your Estimated Total.
Plan for closing costs alongside your down payment, not after it. Knowing the full number early keeps closing day smooth. Bring us your worksheet and we will help you firm up the figures for your situation. Amounts vary by lender, property, and province, and any figures are illustrative only.
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Start a Financing Conversation

Working toward a purchase? Bring us this worksheet and your situation, and we will help you estimate the full cost so there are no surprises at closing. A licensed member of our team will follow up.

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(902) 835-6420  |  contact@tmgharbourtown.ca

Information here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. This worksheet is a planning tool only; closing costs vary by lender, property, municipality, and province, and the items that apply to you may differ. Any figures are illustrative only. All financing is subject to lender review, property review, and supporting documentation. Submission of a form does not guarantee approval or financing.