Escrow and Closing

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Closing Costs and Closing Process
Statement of Adjustments
Escrow and Closing
Closing statement that reconciles the purchase price, deposit, taxes, credits, and debits.
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Closing Costs and Closing Process
Appraisal Fee
Escrow and Closing
Valuation fee that may be charged on a purchase, refinance, or home-equity lending file.
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Closing Costs and Closing Process
Cash to Close
Escrow and Closing
Total money the buyer must provide on closing day after combining the down payment, costs, and adjustments.
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Closing Costs and Closing Process
Closing Costs
Escrow and Closing
Legal, tax, registration, and lender-related charges Canadian buyers must budget beyond the down payment.
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Closing Costs and Closing Process
Closing Costs and Closing Process
Escrow and Closing
Canadian closing-cost terms, adjustment language, and the steps between firm deal and funded possession.
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Closing Costs and Closing Process
Closing Date
Escrow and Closing
Day the purchase funds, legal documents complete, and possession can usually transfer to the buyer.
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Closing Costs and Closing Process
Deposit
Escrow and Closing
Upfront purchase money paid with the offer, separate from the final mortgage down payment.
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Closing Costs and Closing Process
Lawyer Fees
Escrow and Closing
Legal costs for document review, registration, fund transfers, and other closing-file work.
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Closing Costs and Closing Process
Property Tax Adjustment
Escrow and Closing
Closing adjustment that reallocates prepaid or unpaid property taxes between buyer and seller.
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Closing Costs and Closing Process
Land Transfer Tax
Escrow and Closing
Provincial or municipal property-transfer tax that can materially increase money needed on closing day.
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