buyers

This is a general guideline to closing costs. Consult your attorney for complete break out of the costs.

Own Attorney: 1600 and up Flat fee or hourly Fee.

Bank Fees: $700 - $800

Application Fee: $30 - $400

Processing Fee: $300 - $400

Appraisal Fee: $300-$1,500 (depending on sales price)

Bank Attorney: $600 - $700

Tax Escrows: 2 to 6 months

Recording Fees: $250-$750

Fee Title Insurance: Approx. $450 per $100,000 of sales price under 1M - +15% on $1M or more.

Mortgage Title Insurance: Approx. $130 per $100,000 of mortgage amount.

Municipal Search: $350-$500

Mansion Tax: 1% of entire purchase $1,000,000 or more.

NYC Mortgage Tax:

a. Mortgage less than $500,000 = 1.80%

b. Mortgage $500,000+ on 1-3 family residential dwelling = 1.925%

Nassau and Suffolk Counties Mortgage Tax:

a. 1-3 family residential dwelling = 0.80% on entire mortgage amount

b. 3 or more family residential dwelling, commercial or vacant land = 1.05% on entire mortgage amount

For New Development buyer pays NYS and NYC transfer tax for the seller -1.825% combined

Own Attorney: 1600 and up Flat fee or hourly Fee

Bank Fees: $300-$800

Application Fee: $300 - $400

Processing Fee: $300 - $400

Appraisal Fee: $300-$1,500 (depends on sales price)

Bank Attorney: $600 - $700

Lien Search: $200-$400

UCC-1 Filing: $100

Mansion Tax: 1% of entire purchase price $1,000,000 or more.

Own Attorney: 1600 and up Flat fee or hourly Fee

Bank Fees: $750

Application Fee: $300 - 400

Processing Fee: $300 - 400

Appraisal Fee: $300-$1,500 (depends on sales price)

Bank Attorney: $600 - $700

Tax Escrows: 2 to 6 months

Recording Fees: $200-$800

Fee Title Insurance: Approx. $450 per $100,000 of sales price under 1M - +15% on $1M or more.

Mortgage Title Insurance: Approx. $130 per $100,000 of mortgage amount.

Municipal Search: $350-$500

Mansion Tax: 1% of entire purchase where price is $1,000,000 or more.