We bought an IP in Brisbane a few months ago, and the bank (CBA) debited our account for "TOF of $1,126.20" on settlement. We did not understand what this fee related to, because the transfer duty on the mortgage was less than this. So, we queried the bank, and this was their answer: Break up of fees as follows: Release of Mortgage - 2 x $108.30 = $216.60 Transfer = $801.30 Register of New Mortgage = $108.30 I used one of the calculators available on the internet to calculate the fees and taxes on the value of the property of $475,000 and a loan of $380,000 (80% borrowing). These were the results: Mortgage registration fee $111.30 Transfer fee $822.30 Stamp duty on property $15,100 (we paid this) Stamp duty on loan $1,520 (we paid this) So, there are some slight differences between the bank's figures and the calculated figures ($801.30 vs $822.30, and $108.30 vs $111.30). However, what puzzles us is that why did we have to pay for the 2 releases of mortgages by the vendors. Is this normal? Would appreciate any clarification or views on this. We are going to ask the bank the same question if it was right that we should pay for the discharge of the vendors' mortgages. Thanks in advance.