Estimate your true cash needed to buy a home in B.C. – including down payment,
property transfer tax, CMHC insurance and typical closing costs for the Fraser Valley and Lower Mainland.
If you’re buying your first home, it’s easy to focus on the price and forget about
the extra costs that show up on completion day. This calculator helps you estimate
your down payment, property transfer tax (with first-time buyer and newly built exemptions),
CMHC insurance and typical closing costs for homes in B.C. Use it to get a clear
picture of the cash you’ll need to close – then reach out and I can build a custom plan around your budget.
First-Time Home Buyer Closing Cost Calculator (B.C.)
Estimate your down payment, property transfer tax, CMHC insurance and total cash needed to close on a home in B.C.
Purchase & Mortgage Details
Buyer & Property Status (B.C. Programs)
Other Closing Costs
Down Payment & Mortgage Summary
Purchase Price:
Down Payment ($):
Base Mortgage (before CMHC):
Estimated CMHC Premium:
Mortgage Including CMHC:
Estimated Monthly Mortgage Payment:
Property Transfer Tax (B.C.)
PTT Before Any Exemptions:
FTHB Exemption Applied:
Newly Built Home Exemption Applied:
Estimated PTT Payable:
Total Cash Needed to Close
Legal / Inspection / Appraisal / Other:
Down Payment:
Property Transfer Tax (Payable):
Total Estimated Cash to Close:
Disclaimer: This calculator is for illustration only. It uses simplified B.C. Property Transfer Tax
and CMHC assumptions based on current public information. Actual amounts depend on your specific
situation and current government rules. Always confirm with your lender, lawyer, and the B.C.
government before making decisions.
Want a step-by-step plan to buy your first home?
Book a free first-time buyer strategy call with Gurveer Singh, Realtor®.
