https://calculating.ca/calculators/real-estate/home-buying-cash-needed-calculator/
Real Estate / THE MITEY TOOLKIT
Homebuying Cash Planner
Add down payment, quoted closing costs and a reserve without counting your deposit twice.
Total planned cash requirement
$135,500.00
From your inputs. Explore the breakdown below.
- Remaining after paid deposit
- $115,500.00
- Additional cash to set aside
- $5,500.00
- Entered closing costs
- $5,500.00
- Available cash above plan
- $0.00
- The deposit is treated as part of the down payment, not an additional cost.
- Enter current jurisdiction-specific taxes, rebates and professional quotes; this worksheet does not determine them.
CHANGE ONE VARIABLEWhat moves your answer?
Compare five values while keeping every other input the same. These are scenarios, not likelihoods or forecasts.
| Input value | Primary result | Use scenario |
|---|
BEHIND THE ANSWER
Formula and method
Planned cash = down payment + entered closing costs + chosen reserve. Additional savings needed = max(0, planned cash − deposit already paid − cash still available).
The worksheet totals the costs you enter and compares the amount still needed with cash remaining after a paid deposit. It does not apply statutory tax rates, minimum-down-payment rules or insurance premiums. A financed mortgage premium belongs in the mortgage balance; any premium tax paid in cash belongs in entered costs.
Context sources checked October 24, 2026
These sources explain the subject. The model follows the formula and assumptions shown here; a source link does not imply endorsement.
Worked examples
Cash after a paid deposit
- Home price:
- 600000
- Total down payment:
- 120000
- Deposit already paid · part of down payment:
- 20000
- Cash still available:
- 110000
- Transfer, sales and other purchase taxes:
- 0
- Legal and registration costs:
- 2000
- Inspection, adjustments, moving and other costs:
- 3500
- Cash reserve after closing:
- 10000
Total planned cash requirement: $135,500.00
Assumptions and limits
- Taxes, rebates, legal costs, adjustments and other costs are entered manually.
- Deposit already paid cannot exceed the entered down payment.
- No borrower qualification, purchase eligibility or lender commitment is determined.
This tool provides an educational estimate. Rules, rates and personal circumstances can change the answer. Review the assumptions before relying on a result. Report a correction.
Common mistakes to avoid
- Treating an illustrative rate as a lender quote or a return forecast.
- Comparing scenarios with different time periods or leaving out relevant fees.
Frequently asked questions
Do I add my deposit on top of the down payment?
Not in this worksheet. The paid deposit is already part of the total entered down payment. It reduces the remaining cash requirement.
Why are transfer taxes entered manually?
Taxes, exemptions, rebates and local rules vary. Use the current official calculation and professional quotes for the actual purchase rather than a generic national percentage.
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