What are the costs involved with buying a home?

You will need your deposit which is at least 1% of the asking price.  

Any inspections required such as home inspection and possibly a septic and well  inspections. Home inspection these could run you anywhere between 400 and $700.  

At your closing you will be required to pay your down payment less the deposit, land transfer tax lawyer fee and disbursement fee. These add up to approximately 1.5% of the purchase price needed at closing.


Plus regular homeowner expenses such as moving costs transferring utilities etc.