---
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"
---

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## Property Details
Home Price$

Down Payment$
%


Housing TypeCondoCo-opHouse

Buyer's Attorney Fee$


### Building & Board Fees
Move-In Deposit$

Board Application Fees$

Move-In Fee$

Building Questionnaire Fee$


New Development
Includes additional transfer taxes


### 💡 About NYC Closing Costs

Closing costs in NYC typically range from 2-5% of the purchase price. Co-ops generally have lower closing costs since they don't require title insurance or pay mortgage recording tax.


This calculator provides estimates for informational purposes only and is not legal, tax, or financial advice. Actual costs and requirements vary by property, contract, building, lender, and location and may change over time. Verify all figures with your attorney, lender, and closing agent before relying on them.


Buyer Closing Costs Note: Co-op vs condo/house costs differ significantly. Building/board fees, lender fees, and title/recording costs may vary and some items may not apply to your purchase. Transfer taxes are typically paid by the seller unless your contract shifts them (common in some new developments).


Estimated Total Closing Costs

## $19,950

1.99% of purchase price
Email My Estimate


Mansion Tax

$10,000


Buyer's Attorney Fee

$4,000


Move-In Deposit

$1,000


Board Application Fees

$500


Move-In Fee

$500


Building Questionnaire Fee

$350


Lien Search Fee

$300


Credit Check

$100


Bank's Attorney Fee

$1,000


Loan Application Fee

$1,000


Appraisal Fee

$750


Recognition Agreement Fee

$350


UCC-1 Filing Fee

$100


**Co-op Savings:** Co-ops don't require title insurance or mortgage recording tax, resulting in lower closing costs.


### Detailed Cost Breakdown
Fee TypeAmountMansion Tax$10,000Buyer's Attorney Fee$4,000Move-In Deposit$1,000Board Application Fees$500Move-In Fee$500Building Questionnaire Fee$350Lien Search Fee$300Credit Check$100Bank's Attorney Fee$1,000Loan Application Fee$1,000Appraisal Fee$750Recognition Agreement Fee$350UCC-1 Filing Fee$100Total Closing Costs$19,950


### Purchase Summary

Purchase Price

$1,000,000


Down Payment

$200,000


Total Cash Needed

$219,950


### 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.


### Frequently Asked Questions

#### What are buyer closing costs in NYC?

Buyer closing costs typically include attorney fees, recording fees, title insurance, and the Mansion Tax (if applicable).


#### Do buyers pay broker fees?

In most NYC transactions, the seller pays the broker fee. However, some listing agents may charge a fee to the buyer, so it's important to clarify upfront.


#### How much is title insurance?

Title insurance is roughly 0.4% to 0.5% of the purchase price and protects your ownership rights.


## Choose How You Want to Connect?

Licensed real estate broker in NYC & NJ with over 25 years of experience. Specializing in residential sales, new developments, and investment properties. Let me help you find your perfect home and maximize your rebate.

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