Buying a Home: Upfront Costs and Government Programs

I created this handy tool for first-time home-buyers. It calculates how much money you will need upfront to purchase a home, and where it will come from. 

It will ask you a few simple questions about you and the property you wish to buy. Then, it will automatically calculate:

Up front costs, including... 

• Down payment
• Mortgage insurance premium
• PST on mortgage insurance premium
• Land transfer tax (provincial and municipal)
• Other fees, including: appraisal fees, legal fees, title insurance, home inspection fee

• Land Transfer Tax (LTT) Rebate
• First-Time Home Buyers Incentive (FTHBI)
• First-Time Home Buyer Tax Credit (HBTC)
• Home Buyer's Plan (HBP)