CONDOMINIUM & TOWNHOUSE CLOSING COSTS
Buyer’s Attorney:	$1,200.00 and up
Board Application Fee:	$450 and up
Title Search/Lien Search:	$500 and up
Title Insurance:	$7 per each $1,000 of mortgage (not applicable in coops & condops)
Move-In Deposit/Fee:	$1,000 (refundable in most cases)
Mansion Tax:	1% on sales price of $1M and up
Real Estate Escrow (not applicable in coops & condops):	2 to 6 months of real estate taxes
Adjustments:	up to 1 month of common charges, real estate taxes or maintenance fees

Mortgage Associated Fees
Bank Application & Credit Check:	$400 and up
Appraisal:	$300 and up
Mortgage Points:	Typically 0-3% of amount of the loan
NYC Mortgage Tax:	1.80% on mortgages of $500K or less 1.925% on mortgages $500K and up (residential: 1-3 family) 2.80% on mortgages $500K and up (all other properties) [not applicable in coops & condops]
Bank Attorney:	$650 and up
Recording Fee:	$300 and up

COOP & CONDOP CLOSING COSTS (same as above in addition to the following)
UCC Filing Fee:	$100
Recognition Agreement Fee:	$200 and up

Additional Fees for the Purchase of a New Construction
NYC Transfer Tax (Residential):	1% of sales price up to $500K 1.425% of sales price of $500K and up
NYC Transfer Tax (Commercial):	1.425% of sales price up to $500K 2.625% of sales price of $500K and up
NYS Transfer Tax:	.4% of the sales price
Sponsor’s Attorney’s Fees:	$1,200 and up
Reserve Fund:	1 to 2 months of common charges
In the purchase of new developments, the Buyer may pay costs normally paid by the Seller. These may include NYC & NYS Transfer Taxes and Seller’s Attorney’s Fees.
PLEASE NOTE: These are only estimates offered to help provide a general sense of closing costs. Please confirm actual closing costs for specific transactions with your attorney and/or mortgage professional.