04 · Closing Costs

Every line item, none of the surprises.

Buyer-side NYC closing costs vary by property type. Condos and townhouses pay mortgage recording tax and title insurance; co-ops have UCC-1, lien search, recognition agreement, and stock transfer instead. Townhouses add survey, inspections, and water/sewer searches. We model each correctly.

Talk to an advisor

Inputs

Property type

Purchase price

Down payment

Professional + lender

Attorney fee$2,500–$4,000+

Bank / lender feesorigination + appraisal + app

Title

Title search & exam$500–$1,500

Building / board

Condo application fee

Move-in feenon-refundable

Move-in depositrefundable — excluded from total

Prorated adjustments at closing

Common charges adj.prorated

Real estate tax adj.prorated

UCC-1 filing (if applicable)~$75

Sponsor / new development unitBuyer typically pays the sponsor's NYC + NYS transfer taxes (~1.4% under $500K, ~1.825% $500K–$3M, ~2.075% $3M+) on new construction.

Total closing

Cash needed at closing

$44,105

Plus your 20% down payment of $240,000. Refundable move-in deposit of $1,000 is collected at closing but not included above.

Mansion tax

Progressive 1.0% → 3.9% on residential ≥ $1M. Paid by buyer. 1.00% tier · $12,000.

$12,000

Mortgage recording tax

1.8% (<$500K) or 1.925% (≥$500K) of loan, less 0.25% the lender pays.

$16,080

Title insurance

~0.4–0.5% of price — protects your ownership.

$5,400

Mortgage title policy

$2,400

Title search & exam

$1,000

Attorney fee

$3,500

Bank / lender fees

Origination, appraisal, application.

$2,000

Condo application fee

$750

Move-in fee

Non-refundable

$500

Common charges adjustment

Prorated at closing.

Real estate tax adjustment

Prorated at closing.

Recording fees

$250–$500.

$400

UCC-1 filing

If applicable (~$75).

$75

Move-in deposit (refundable)

Returned after move-in if no damage. Not added to total.

$1,000

Your closing cost breakdown is ready

Unlock every line item — taxes, title, attorney, mortgage fees — free.

100% Free · No obligation

Already have an account? Sign in

Email me a copy of these numbers

Sophia will send your full breakdown — plus context most buyers miss.

No spam. Just your numbers and Sophia's notes.

Every line item matters. Let's make sure nothing is missed.

I'll walk you through the real closing costs for your property type — condo, co-op, or townhouse.

Book a call with Sophia