YOUR HOME BUYING COST CHECKLIST
TEAM KING
RE/MAX CROWN REALTY (1989) INC. BROKERAGE
Planning to buy a home in Greater Sudbury, Ontario?
Use this practical guide to prepare for the costs that come with buying a home, moving in, and settling into homeownership.
BEFORE YOU BUY
Before You Buy Checklist
Down Payment: determine how much you plan to put toward your home purchase.
Mortgage Pre-Approval: Discuss your budget, interest rate options, and estimated payments with your lender.
Mortgage Default Insurance: Ask whether it applies to your down payment and mortgage.
Deposit: Set aside funds that may be required when you offer is accepted.
Home Inspection: Budget for an inspection if you choose to have one.
MOVING IN
Moving In Checklist
Home Insurance: Arrange coverage for your closing date.
Moving Expenses: Include Movers, Truck Rentals, Packing Supplies, and Transportation.
Utilities and Internet: Arrange Service transfers or new accounts and check for desposits.
Immediate Essentials: Allow for locks, cleaning supplies, basic tools, and window coverings.
CLOSING COSTS
Closing Costs Checklist
Legal Fees & Disbursements: Ask your real estate lawyer for an estimate.
Ontario Land Transfer Tax: Calculate the applicable tax and check whether you qualify for a first-time homebuyer rebate.
Title Insurance: Confirm the cost and coverage with your lawyer.
Property Tax & Utility Adjustments: Budget for amounts that may be adjusted between you and the seller at closing.
Appraisal or Lender Fees: Confirm whether your lender requires any additional services or fees.
AFTER YOU GET THE KEYS
After You Get The Keys Checklist
Repairs and Maintenance: Keep funds available for routine upkeep and unexpected repairs.
Property Taxes: Confirm annual amount and payment schedule.
Monthly Utilities: Estimate electricity, heating, water, internet, and other household costs.
Condominium Fees: If applicable, review monthly fees, and what they include.
Emergency Fund: Set aside a reserve for unexpected expenses.
HOME BUYING BUDGET
Down Payment: $
Moving & Setup: $
Deposit: $
Repairs & Emergency Savings: $
Closing Costs: $
Estimated Total Funds Needed: $
A Few Things to Remember
Your actual costs will depend on the property, mortgage, closing date, and personal circumstances. Confirm estimates with your lender, lawyer, insurer, and other appropriate professionals. This checklist is a general planning resource and is not a quote or legal, mortgage, or tax advice.
Preview PDF
Submit
Should be Empty: