Notice
Our Legal Fees and Disbursements have gone up. Please use the Closing Cost Calculator for updated Real Estate Lawyer Fees.
Closing Cost Calculator
Closing Cost Calculator for Sellers
Property Sale Price
Type of Property
Are You Paying Off a Mortgage/ Loan?
Shaikh Law Firm's Real Estate Lawyer Fees Ontario offers Fixed Legal Fees and Upfront Closing Cost Calculator. No Hidden Charges and No Surprises on the date of Closing. Our Real Estate Lawyer Legal Fees includes Law Office Disbursements in accordance with the LSUC Rule 4.2-2.1. Please feel free to Contact us for Free Consultation.
Legal Fees (Including Applicable Disbursements)
0
Additional Payouts ($99 +HST each)
0
Law Society Transaction Levy
0
HST on Applicable Items
0
Total Cost
0
- * Fees subject to change without notice and includes one payout for a mortgage/loan
Closing Cost Calculator for Buyers
Property Purchase Price
Type of Property
Where is the Property Located?
First Time Home Buyer
Are You Obtaining Mortgage/ Financing?
Shaikh Law Firm's Real Estate Lawyer Fees Ontario offers Fixed Legal Fees and Upfront Closing Cost Calculator. No Hidden Charges and No Surprises on the date of Closing. Our Real Estate Lawyer Legal Fees includes Law Office Disbursements in accordance with the LSUC Rule 4.2-2.1. Please feel free to Contact us for Free Consultation.
Legal Fees Including Law Office Disbursements
0
Title Insurance (Estimate Cost)
0
Government Registration Fees
0
Ontario Land Transfer Tax
0
Toronto Land Transfer Tax (Including Admin Fees $84.75)**
0
Less First time Home Buyer Rebate
0
HST on Applicable Items
0
Total Land Transfer Tax
0
Total Cost
0
- * Fees subject to change without notice
- ** Toronto Land Transfer Tax includes administration fee
Closing Cost Calculator for Refinance
Refinance/ Mortgage/ Loan Amount
Type of Property
Are you Paying off a Mortgage?
Shaikh Law Firm's Real Estate Lawyer Fees Ontario offers Fixed Legal Fees and Upfront Closing Cost Calculator. No Hidden Charges and No Surprises on the date of Closing. Our Real Estate Lawyer Legal Fees includes Law Office Disbursements in accordance with the LSUC Rule 4.2-2.1. Please feel free to Contact us for Free Consultation.
Legal Fees Including Law Office Disbursements
0
Additional Payouts ($99 +HST each)
0
Title Insurance (Estimate Cost)
0
Law Society Transaction Levy
0
Government Registration Fee(s)
0
HST on Applicable Items
0
Total Cost
0
- * Fees subject to change without notice and includes one payout for a mortgage/loan
Closing Costs in Ontario when Selling a Property
Closing costs for sale are merely limited to your realtor commission, lawyers fees, and mortgage payout charges. Although the list of Closing costs is short the most significant cost for the sale of a property is Realtor’s commission. One must keep in mind that 3% is usually charged if your realtor brings a client, if another realtor is involved for the purchaser then the commission may go up to 5% of the property value. The Lawyer is Fees and disbursements are not as high as realtor’s commission but do add up to the total amount. At Shaikh Law, a Real Estate Lawyer would charge his fees plus disbursements in a total of $765+ Tax which would include one payout of your mortgage.
If your mortgage is not ready for renewal then you may end up paying for breaking the term of the mortgage, depending on the Financial institutions and terms of your mortgage you may end up paying a minimum of 3 months of interest or a maximum of a few thousand. It would be best if you reach out to your financial institution to inquire what charges would apply if you were to break your mortgage prior to completion of the term of your mortgage.
| Real Estate Agent’s Commission | 3% + Tax | |
| Real Estate Lawyers Fees inclusive of Disbursements | $765 + Tax | |
| Mortgage Prepayment Charges | 3 months interest (Common) |
Transfer of Title
Legal Fees
$450 + HST
SALE & Refinance
Legal Fees
$765 + HST
PURCHASE
Legal Fees
$810 + HST
Summary
Reviewer
Ryan Smith
Review Date
Reviewed Item
Closing Costs Ontario This Page breaks down the Closing Cost in Simple Steps.
Author Rating
BBB Accredited A+ Rating Law Firm in Ontario
