Cost to buy a house in Nova Scotia calculator
Cash to close, CMHC insurance, deed transfer tax and your monthly payment for any Nova Scotia home price. For what the numbers mean and how to lower them, read The True Cost of Buying a Home in Nova Scotia (2026 Breakdown).
Cost-to-buy calculator
Cash you need to close, plus your mortgage and monthly payment. Every number is editable.
$22,500 · minimum for this price is $22,500
Use your quoted rate
30 years with under 20% down: first-time buyers and new builds only
1.5% in Halifax Regional Municipality. Rates vary by municipality; check yours.
Estimate. Use your lawyer's quote
Estimate. More for rural homes
Prepaid property tax, oil, etc.
Movers, utility hookups, basics
Cash needed to close
- Down payment
- $22,500
- Deed transfer tax
- $6,750
- Legal fees + disbursements
- $1,500
- Home inspection
- $550
- Closing adjustments
- $600
- Moving + setup
- $1,500
- Total cash to close
- $33,400
Your mortgage
- CMHC insurance premium4% of the loan, added to your mortgage
- $17,100
- Total mortgage
- $444,600
- Monthly paymentPrincipal + interest only
- $2,460.74
Estimates only, not a quote or financial advice. Monthly payment uses Canadian semi-annual compounding and excludes property tax, insurance and heating. Nothing you enter is saved or sent anywhere: it clears when you leave the page.
How this calculator works
- Minimum down payment is 5% of the first $500,000, 10% of the portion from $500,000 to $1.5 million, and 20% at $1.5 million or more.
- With less than 20% down, the CMHC premium (2.80% to 4.00% of the loan, plus 0.20% for a 30-year amortization) is added to the mortgage rather than paid in cash.
- Deed transfer tax is the purchase price times your municipality's rate. Legal fees, inspection, adjustments and moving are your own estimates.
- The monthly payment uses Canadian semi-annual compounding and covers principal and interest only.
Sources
Rules and rates last checked October 4, 2026.
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