---
title: "NYC Closing Cost Calculator"
description: "Free NYC closing cost calculator for condos, co-ops & new developments. Estimate mansion tax, mortgage tax, title insurance & attorney fees."
url: "https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator"
source: "Real Estate Rebate Team"
---

Real Estate Rebate Team


Licensed Broker NY & NJ · License: 10491211335


Estimated Closing Costs

$41,250

4.13% of purchase price
Total Cash Needed$241,250
Buyer Advantage−$15,000
Cash Needed After Illustrative Share$226,250

Illustrative only, based on a 3% buyer-broker commission. Régis shares 50% of the buyer-side commission he actually receives, so your figure follows the commission offered on your transaction and the terms of your buyer agreement. Closing costs and the Buyer Commission Share are separate. Nothing above changes: the taxes, fees and purchase price are unaffected. This line only shows what the share would offset. [How it works](https://realestaterebatesnewyork.com/buyer-advantage)


Email My Estimate


Purchase Price

$1.0M


Down Payment

$200K


Amount Financed

$800K


Estimated Closing Costs

$41K


Cash Needed After Advantage

$226K


### Key Cost Drivers


Mansion Tax

$10,000


Applies to qualifying purchases of $1M or more.


Title Insurance

$4,500


Owner's policy, roughly 0.45% of price. Condo and house purchases only.


Mortgage Recording Tax

$15,400


Applies when financing a condo or house. Co-ops are exempt.


Attorney Fees

$4,000


Your own attorney, for contract review, title and closing.


Other

$7,350


Includes board application, move-in, title search, and other miscellaneous fees.


### Detailed Breakdown

“Closing costs in NYC typically range from 2% to 5% of the purchase price depending on property type and financing.”

Fee TypeAmount
Mansion Tax$10,000
Buyer's Attorney Fee$4,000
Title Insurance - Owner's Policy$4,500

View Detailed Cost BreakdownTotal Estimated Closing Costs$41,250


## Frequently Asked Questions
What are buyer closing costs in NYC?
Do buyers pay broker fees?
How much is title insurance?


### Fee Glossary


#### Attorney Fees


Your real estate attorney handles document preparation and provides legal advice throughout the purchase process.


#### NYC Mansion Tax


A progressive transfer tax on properties $1M+, ranging from 1% to 3.9% based on purchase price tiers.


#### Title Insurance


Protects against loss of ownership due to legal defects. Required for condos and townhouses with mortgages, not applicable to co-ops.


#### Mortgage Recording Tax


1.8% on mortgages under $500K, 1.925% above. Applies to condos and townhouses only, not co-ops.


## Review Your Closing Costs Before You Make an Offer

Get private guidance on pricing, closing costs, and eligible Buyer Advantage structures before you move forward.
[Schedule a Private Consultation](https://realestaterebatesnewyork.com/contact)[Estimate Your Buyer Advantage →](https://realestaterebatesnewyork.com/buyer-advantage)


Chat with us on WhatsApp

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