Costs Associated with your Mortgage
Here is a detailing of costs you may have with different types of mortgages. Certain costs may or may not apply in your specific situation. All costs are approximate and may vary by area and supplier.
Buying a home
- Home Inspection $400.00
- Septic Inspection $400.00
- Appraisal (If Conventional Mortgage) $250-$400.00
- Legal Fees $750.00-$1200.00
- Land Transfer Taxes Approx. 1% of sale price
Refinancing
- Appraisal (if Conventional) $250.00-$400.00
- Legal Fees $750.00-$1000.00
- Penalties to pay out existing mortgage Varies
Renewals
There are generally no costs associated with a standard renewal, the new lender usually covers any expenses in the switchover.
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