| EXPENSE |
TIME OF PAYMENT |
| Deposit (credited towards your purchase) |
at time of acceptance |
| Mortgage application and appraisal fee |
time of application |
| Property inspection |
time of inspection |
| Appraisal fee |
time of application |
| Legal fees |
at closing but a deposit required |
| Legal Disbursements |
at closing |
| Deed and/or mortgage registration |
at closing |
| Property survey (if not provided by the seller) |
time of survey |
| Land Transfer Tax (approximately 1% of purchase price) |
at closing |
| Mortgage Interest Adjustment |
at closing |
| Adjustments for Fuel, Taxes, etc |
at closing |
| Mortgage Insurance (and application fee if applicable) |
at closing and on-going |
| Home and Property Insurance |
at effective date |
| Connection charges for utilities (such as gas, water, electricity, etc) |
at connection date |
| Moving expenses |
moving date |
| Title Insurance |
at closing |
