Lexpand’s Closing Costs Calculator
What is Lexpand’s Closing Costs Calculator?
Lexpand’s Closing Costs Calculator is a tool that sends you an automated email containing a fairly detailed list of your closing costs on the basis of the information that you provide to it.
Using the Closing Costs Calculator is also the first step that you will need to take if you want to hire Lexpand for your closing.
Where can I find Lexpand’s Closing Costs Calculator?
You can find Lexpand’s Closing Costs Calculator here: https://closings.lexpand.ca/
Required Information on Purchase Transactions
When you use Lexpand’s Closing Costs Calculator on a purchase transaction, you should enter the following information:
- Purchase Price
- Deposit Amount – Note that this amount is the amount that you paid to the seller’s brokerage at the time of making the offer. It is not meant to be your entire down payment.
- Mortgage Details
- First-Time Homebuyer Status
- Property location, type and age
Required Information on Sale Transactions
When you use Lexpand’s Closing Costs Calculator on a sale transaction, you should enter the following information:
- Sale Price
- Deposit Amount – Note that this amount is the amount that your brokerage received from the buyer at the time the offer was made.
- Realtor Commission Percentage
- Mortgage Details
Required Information on Refinance Transactions
When you use Lexpand’s Closing Costs Calculator on a refinance transaction, you should enter the following information:
- Mortgage Amount
- Existing Mortgage Information
- New Mortgage Information
- Other debt information – These are personal debts that the lender requires to be paid off on closing
