The Gambino Group · Compass
Paolo Sciarra
(917) 963-4957
Interactive Tool · New York City

Buyer Closing
Cost Calculator

Estimates all buyer closing costs for condos, co-ops, and new developments.
Includes mansion tax, mortgage recording tax, title insurance, and all fees.

Property Details

$
$
75.0% LTV
New Development / Sponsor Unit
Buyer pays transfer taxes in new dev. Includes sponsor attorney fee.
$
Typically $2,500–$5,000 for standard transactions
$
Refundable deposit held by building
Estimated Total Closing Costs
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of purchase price
Base costs — Financing —

General Closing Costs

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Mansion TaxProgressive rate — 1% to 3.9% based on price
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Title Insurance — Owner's PolicyTIRSA regulated · ~0.5–1% of purchase price
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Buyer's Attorney Fee
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Move-In DepositRefundable
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Survey FeesHouse / townhouse only
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Board Application FeeCo-op / condo building
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Move-In FeeNon-refundable · building charge
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Building Questionnaire Fee
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Title Closer Fee
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Title Insurance — Endorsements
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Deed Recording Fee
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Lien Search FeeCo-op only
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Credit Check
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Financing Costs

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Mortgage Recording Tax1.8% <$500K · 1.925% ≥$500K · Does not apply to co-ops
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Title Insurance — Mortgage PolicyDoes not apply to co-ops
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Bank Attorney Fee
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Loan Application Fee
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Appraisal Fee
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Mortgage Recording Fee
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Recognition Agreement FeeCo-op only (Aztech)
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UCC-1 Filing FeeCo-op only
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Disclaimer: This calculator provides estimates only. Actual closing costs will vary based on your specific transaction, lender requirements, title company, and negotiated terms. Figures are based on standard NYC closing cost guidelines as of 2025. Consult a licensed real estate attorney for advice specific to your transaction.

Mansion Tax: 1% ($1M–$2M) · 1.25% ($2M–$3M) · 1.5% ($3M–$5M) · 2.25% ($5M–$10M) · 3.25% ($10M–$15M) · 3.5% ($15M–$20M) · 3.75% ($20M–$25M) · 3.9% ($25M+)