The costs a Buyer must pay, in addition to the down payment, at the time of closing a home purchase. These costs can include, but aren't limited to, legal fees, appraisal fees, inspection fees, document preparation fees, property taxes, depending on whether the seller has paid past the closing date, in this case you will have to reimburse him the overpayment, land transfer tax, a quick calculator can be found on the left menu if you would like to calculate how much it will be as it is a percentage based on the purchase price, and title insurance. If you are setting up a new mortgage or will terminating an existing mortgage before it's maturity there maybe additional penalty costs. Closing costs can vary depending on the home's location and price. As a guideline, they typically amount to somewhere around two to five percent of the property's purchase price. I would strongly recommend that any Buyer considering purchasing a home sit down and estimate what their closing costs maybe, it would be very stressful to find out that you finances are short on closing and try to scramble to find additional funds. Please feel free to contact me any time if you would like to discuss closing costs or any other part of buying or selling a home. Thank you Tibor Olah.