New York closing-cost calculator
Estimate a New York buyer's mansion tax, mortgage recording tax and title insurance for any county, from the Tax Department's rules and the filed title-insurance rates.
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Zero for a cash purchase.
Estimated buyer taxes and title insurance
| Title insurance (owner's $1,819 + lender's $379), Zone 1 | $2,199 |
| Mortgage recording tax, borrower's share ($0.750 per $100, less a $25 deduction) | $2,375 |
| Mansion tax (1% of the price from $1,000,000) | $0 |
| Total | $4,574 |
The seller pays the State transfer tax ($1,600 at 0.4%); it is not in your total.
- Title search in a Zone 1 county is charged separately and is not included.
Not included: attorney fees on either side, recording and filing fees, lender and bank charges, the Zone 1 title search, and the East End Community Preservation Fund tax. An estimate for planning, not a closing statement.
How the rules work: New York closing costs: mansion tax, mortgage recording tax and title insurance.
A calculator takes your inputs on trust. A full report works out the bill and the value for a specific address from public records.
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