Closing Costs

Your Attorney: Consult your attorney ~$2,500 - $5,000+

Lien Search Fee: ~$350

Points:  ~0 - 3% of the loan value
Bank Application, Credit Check, etc:  $400 - $600
Bank Attorney:  $900 - $1,500
Mortgage Origination Rate:  ~0 - 3% of the loan value
UCC 1 Filing:  $125
Appraisal:  ~$300 - $1,500

Board Package Processing Fees:  $500 - $2,000
Credit Check Fee: $100 - $300 per buyer
Move-in Fee:  $250 - $500
Move-in Deposit:  $500 - $1,000 (refundable)
Maintenance Adjustment:  Pro-rated for the month of closing
Recognition Agreement Fee:  $200 - $300
Miscellaneous Co-op Charges:  Varies by building. Consult the co-op’s transfer agent & board package

Transfer Tax Filing Fee:  $100

Mansion Tax : 

$1M to < $2M: 1.00%
$2M to < $3M: 1.25%
$3M to < $5M: 1.50%
$5M to < $10M: 2.25%
$10M to < $15M: 3.25%
$15M to < $20M: 3.50%
$20M to < $25M: 3.75%
$25M or more: 3.90%

Buyer Agent : Per your buyer representation agreement

Your Attorney:  Consult your attorney ~$2,500 - $5,000+

Points:  ~0 - 3% of the loan value
Bank Loan Application Fees:  $400 - $600
Bank Attorney:  $900 - $1,500
Appraisal:  ~$300 - $1,500
Tax Escrow:  ~2 - 6 months of property taxes
Lenders Policy Title Insurance:  Rates may vary
Mortgage Origination Fee: ~0 - 3% of loan value
Mortgage Recording Tax:

1.8% of mortgage amount < $500,000
1.925% of mortgage amount > $500,000+

Recording Fees:  ~$250
Municipal Search:  0.4% of purchase price
Miscellaneous Title Fees:  $100
Real Estate Tax Adjustment:  $125

Mansion Tax: 

$1M to < $2M: 1.00%
$2M to < $3M: 1.25%
$3M to < $5M: 1.50%
$5M to < $10M: 2.25%
$10M to < $15M: 3.25%
$15M to < $20M: 3.50%
$20M to < $25M: 3.75%
$25M or more: 3.90%