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Net Proceeds from Sale: $500,000
Selling Fees (est.): $33,000
New Mortgage Required: $1,040,000
Estimated Monthly Mortgage: $5,714.29
Transfer Tax (est.): $26,000
Potential GST: $65,000
Legal & Inspection Fees (est.): $2,000
Disclaimer: This tool provides an estimate only and is for informational purposes. Mortgage calculations are based on user-provided interest rates and amortization periods. GST and Property Transfer Tax are simplified for BC and may not reflect exemptions or rebates. Selling fees are estimated using a common commission structure (6% on first $100,000 and 3% on the balance). Always consult a financial advisor, real estate agent, or mortgage broker for precise figures.
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