Why do closing costs go up with the purchase price?

The main reason is that the cost of a title insurance policy is tied to the purchase price – as the purchase price increases, the cost of the title insurance policy increases.  Land transfer tax is also tied to the purchase price so the tax payable increases with the purchase price.  You can see exactly how much the closing costs will be by using our quote calculator: www.downandco.com/quote.

  • December 6th, 2019
  • Posted in:
Painting by Katerina Podolak · Rain in Camden Town