Fair Mortgage Solutions inc.
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Current Rates

Term

APR

5 yr variable 4.65
1 yr fixed 5.50
3 yr fixed 5.50
5 yr fixed 5.79
10 yr fixed 6.25


In general, the closing costs amount to 1.5% to 2.0% of a home's purchase price. This is a good guideline. New homes may be a bit more involved. In general the above guidelines generally hold, but be careful because the costs may be higher due to special circumstances or complexity.

Get a legal referral from a
family member or a friend

Other costs which can be involved in closing are:

  • title insurance
  • possible adjustments for property taxes, utilities and condo fees.

Again, they are generally included within the 1.5% to 2.0% figure but variance can occur.

Talk to your lawyer to get all the details.

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