Closing Cost Estimator Tool
Estimate Closing Costs On Properties In Ontario Instantly!
Buying a home comes with more than just the purchase price. There are important closing costs—like land transfer tax, title insurance, legal fees, and disbursements—that every buyer should budget for.
Our Closing Cost Estimator Tool gives you a quick and simple way to calculate what you’ll owe on closing day, so you can plan your purchase with confidence.
Ontario Land Transfer Tax Calculator
Key Terms
Ontario LTT
A provincial tax charged by the Government of Ontario on the purchase of real estate. The amount is based on the property’s purchase price and is payable by the buyer at closing.
Toronto MLTT
An additional land transfer tax charged by the City of Toronto on top of the Ontario Land Transfer Tax. It applies only to properties located within Toronto’s city limits and is calculated using similar tax brackets to the provincial tax.
FTHB Rebates Applied
A reduction in land transfer tax available to eligible first-time home buyers. In Ontario, the rebate can be up to $4,000 off the provincial tax. In Toronto, an additional rebate of up to $4,475 may apply to the municipal tax. These rebates can significantly reduce — and in some cases eliminate — the total amount of land transfer tax owed.
Closing Cost Estimator
Estimate Closing Costs On Properties In Ontario Instantly!
How The Tool Works
1. Enter your purchase price
2. Select whether the property is in Toronto or elsewhere in Ontario.
3. Indicate if you’re a first-time home buyer (rebates may apply).
4.Click calculate.
This tool instantly estimates your closing costs, including land transfer taxes and available rebates
Closing Cost Estimator (Ontario)
Estimate total buyer closing costs in Ontario, including Land Transfer Tax (and Toronto MLTT if applicable), first-time buyer rebates, and typical legal/third-party items. All values are editable.
This tool gives you an instant look at your eligibility for the first time home buyer rebates. Keep in mind that results are for informational purposes only - your exact rebate amount may depend on additional factors. For exact guidance, speak with a qualified real estate lawyer below
What The Estimator Covers
When you use this tool, you’ll instantly see estimated amounts for:
Ontario Land Transfer Tax (LTT) – applied on property purchases in Ontario
Toronto Municipal Land Transfer Tax (MLTT) – additional tax if your property is in Toronto
Title Insurance – protects you against title-related issues
Legal Fees & Disbursements – the costs of your real estate lawyer and required out-of-pocket expenses
Other Adjustments – property tax or condo fee adjustments depending on the transaction.
Why You Should Use This Tool
✅ Transparency – Know your costs upfront before committing.
✅ Tailored – Adjusts automatically if your property is in Toronto or elsewhere in Ontario.
✅ Smart Planning – Helps you budget more accurately and avoid surprises on closing day.
✅ Lawyer-Approved – Built by the Pranzitelli Law Firm team, who handle real estate closings daily.
First-Time Buyer Rebates
Ontario rebate: up to $4,000 off the provincial LTT
Toronto rebate: up to $4,475 off the MLTT
If eligible, the estimator automatically applies these rebates to give you a more accurate closing cost estimate.
FAQ's
What are closing costs in Ontario?
Closing costs are the additional expenses you must pay on top of the purchase price of your home. These include land transfer tax, legal fees, title insurance, and other adjustments like prepaid property taxes or condo fees.
How much should I budget for closing costs?
Most buyers should budget around 1.5%–4% of the purchase price of the property. The exact amount depends on location (Toronto vs. rest of Ontario), rebates, and the size of your mortgage.
Can I reduce my closing costs?
Yes. If you’re a first-time home buyer, you may qualify for rebates: up to $4,000 off the Ontario LTT and up to $4,475 off the Toronto MLTT. Your lawyer applies for these rebates on your behalf at closing.
Next Steps
Once you’ve used the tool and know your estimated costs:
Book a free consultation with our team at Pranzitelli Law Firm.
We’ll confirm your numbers, explain each line item in detail, and ensure your closing is smooth and stress-free.
We’ll also apply for any rebates you’re eligible for on your behalf at closing.
Buying your home is a big step—don’t leave your closing costs to guesswork. Use our estimator now and get peace of mind with Pranzitelli Law Firm.
Ontario Land Transfer Tax Calculator
Key Terms
Ontario LTT
A provincial tax charged by the Government of Ontario on the purchase of real estate. The amount is based on the property’s purchase price and is payable by the buyer at closing.
Toronto MLTT
An additional land transfer tax charged by the City of Toronto on top of the Ontario Land Transfer Tax. It applies only to properties located within Toronto’s city limits and is calculated using similar tax brackets to the provincial tax.
FTHB Rebates Applied
A reduction in land transfer tax available to eligible first-time home buyers. In Ontario, the rebate can be up to $4,000 off the provincial tax. In Toronto, an additional rebate of up to $4,475 may apply to the municipal tax. These rebates can significantly reduce — and in some cases eliminate — the total amount of land transfer tax owed.
Closing Cost Estimator (Ontario)
Estimate total buyer closing costs in Ontario, including Land Transfer Tax (and Toronto MLTT if applicable), first-time buyer rebates, and typical legal/third-party items. All values are editable.
How The Tool Works
1. Enter your purchase price
2. Select whether the property is in Toronto or elsewhere in Ontario.
3. Indicate if you’re a first-time home buyer (rebates may apply).
4.Click calculate.
This tool instantly estimates your closing costs, including land transfer taxes and available rebates
Closing Cost Estimator (Ontario)
Estimate total buyer closing costs in Ontario, including Land Transfer Tax (and Toronto MLTT if applicable), first-time buyer rebates, and typical legal/third-party items. All values are editable.
What The Estimator Covers
When you use this tool, you’ll instantly see estimated amounts for:
Ontario Land Transfer Tax (LTT) – applied on property purchases in Ontario
Toronto Municipal Land Transfer Tax (MLTT) – additional tax if your property is in Toronto
Title Insurance – protects you against title-related issues
Legal Fees & Disbursements – the costs of your real estate lawyer and required out-of-pocket expenses
Other Adjustments – property tax or condo fee adjustments depending on the transaction.
Why You Should Use This Tool
✅ Transparency – Know your costs upfront before committing.
✅ Tailored – Adjusts automatically if your property is in Toronto or elsewhere in Ontario.
✅ Smart Planning – Helps you budget more accurately and avoid surprises on closing day.
✅ Lawyer-Approved – Built by the Pranzitelli Law Firm team, who handle real estate closings daily.
First-Time Buyer Rebates
Ontario rebate: up to $4,000 off the provincial LTT
Toronto rebate: up to $4,475 off the MLTT
If eligible, the estimator automatically applies these rebates to give you a more accurate closing cost estimate.
Next Steps
Once you’ve used the tool and know your estimated costs:
Book a free consultation with our team at Pranzitelli Law Firm.
We’ll confirm your numbers, explain each line item in detail, and ensure your closing is smooth and stress-free.
We’ll also apply for any rebates you’re eligible for on your behalf at closing.
Buying your home is a big step—don’t leave your closing costs to guesswork. Use our estimator now and get peace of mind with Pranzitelli Law Firm.
FAQ's
What are closing costs in Ontario?
Closing costs are the additional expenses you must pay on top of the purchase price of your home. These include land transfer tax, legal fees, title insurance, and other adjustments like prepaid property taxes or condo fees.
How much should I budget for closing costs?
Most buyers should budget around 1.5%–4% of the purchase price of the property. The exact amount depends on location (Toronto vs. rest of Ontario), rebates, and the size of your mortgage.
Can I reduce my closing costs?
Yes. If you’re a first-time home buyer, you may qualify for rebates: up to $4,000 off the Ontario LTT and up to $4,475 off the Toronto MLTT. Your lawyer applies for these rebates on your behalf at closing.
We strive for Customer Satisfaction. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s needs. No matter if your case is large or small, we treat your matter with importance, integrity and hard work, your success is our satisfaction.
Contact Us
(Local | Toll Free | Email)
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905 - 266 - 2633
Toll Free
Email
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Our Addresses
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This site is not legal advice. We occasionally use content and information that is prepared by AI. Including but not limited to technology from Gemini, Chat GPT, Grok, Canva, and other technologies from Open AI. Always consult with a lawyer regarding specific legal questions and advice. Give us a call at 905-266-2633 to set up a consultation
Copyright © 2025 Pranzitelli Law Firm | All rights reserved
What is Long-Term Disability (LTD) Insurance
Long-Term Disability insurance provides financial support to individuals who are unable to work for an extended period due to illness or injury. It helps cover a portion of your lost income during your recovery.
How Do I Qualify For Long-Term Disability Benefits In Ontario?
To qualify for LTD benefits, you generally need to have a medical condition that prevents you from performing the essential duties of your job. You must also meet any specific requirements outlined in your insurance policy, such as waiting periods and providing medical documentation.
What Types Of Conditions Are Covered Under Long Term Disability Insurance?
LTD insurance typically covers a wide range of medical conditions, including physical injuries, chronic illnesses, mental health disorders, and serious diseases. It's important to review your policy for specific coverage details.
How Long Can I Receive Long-Term Disability Benefits?
The duration of LTD benefits depends on your insurance policy. Some policies provide benefits until you reach a certain age (e.g., 65), while others may have a set time limit (e.g., two years). Your policy will specify the maximum benefit period.
What Should I DO If My Long-Term Disability Claim Is Denied?
If your LTD claim is denied, you have the right to appeal the decision. It's important to review the denial letter carefully, gather additional medical evidence, and consider seeking legal advice to help strengthen your case and navigate the appeals process.
We strive for Customer Satisfaction. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s needs. No matter if your case is large or small, we treat your matter with importance, integrity and hard work, your success is our satisfaction.
Contact Us
(Local | Toll Free | Email)
Local
905 - 266 - 2633
Toll Free
Email
[email protected]
Our Addresses
(Vaughan | Toronto | London)
Toronto | Mississauga | Brampton | Vaughan | Hamilton | Markham | Oakville | Burlington | Kitchener | London
This site is not legal advice. We occasionally use content and information that is prepared by AI. Including but not limited to technology from Gemini, Chat GPT, Grok, Canva, and other technologies from Open AI. Always consult with a lawyer regarding specific legal questions and advice. Give us a call at 905-266-2633 to set up a consultation
Copyright © 2025 Pranzitelli Law Firm | All rights reserved
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