Tag Archives: loan payments

Have you anticipated all your expenses?

You’re thinking of buying your perfect home? You’re prepared for the down payment as well as the loan and tax instalments and insurance. You’re sure you’ve thought of everything. But have you really anticipated everything?

Buying a home is not only a matter of making loan payments! It’s important to anticipate other expenses. And since these expenses can impact the amount you put down, you need to keep them in mind during the buying process. These expenses* can include:

  • Appraisal fee ($350)
  • Welcome tax ($2,000)
  • School taxes ($500)
  • Home inspection fee ($150)
  • Municipal taxes ($2,000)
  • Moving cost ($1,000)
  • Home insurance ($400)
  • Lawyer (notary) fees ($1,000)
  • Loan insurance ($1,600)

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