Cash needed to buy, with every closing cost
Enter a price to see your down payment, every closing cost and the total cash you'll need on closing day, in Manhattan or the Hamptons. Not sure of your price? See what you can afford.
Available now, no account neededCash needed at closing$364,320Down payment $300,000 (20%) plus closing costs $64,320 (4.3% of the price)
Mortgage payment, a month$7,467Principal and interest on a $1,200,000 loan over 30 years at 6.35%. Taxes and charges are extra.
The seller's costs, for context$102,375Paid by the seller, not you; useful in negotiation. Selling? See your net proceeds
Where your closing costs go
- Taxes$38,100
- Title & legal$14,470
- Lender$5,950
- Prepaids$4,800
- Building$1,000
Every line, itemised, is below.
Every line, itemised
Who usually pays each cost, whether it's often negotiated, and where each rate comes from.
What these are: mansion tax, mortgage recording tax, RPTT, state transfer tax, Peconic Bay tax, title insurance, flip tax, working capital and escrow, in the glossary.
| Item | Estimate | Who pays | Negotiable | Notes and source |
|---|---|---|---|---|
| Taxes | ||||
| Mansion tax | $15,000 | You (buyer) | Rarely | 1.00% of the full price at $1 million and above · source |
| Mortgage recording tax | $23,100 | You (buyer) | Rarely | 1.925% of the loan, after the lender's 0.25%; co-op share loans are not taxed · source |
| NYC transfer tax (RPTT) | $21,375 | Seller | Rarely | Paid by the seller · source |
| NYS transfer tax | $6,000 | Seller | Rarely | Paid by the seller · source |
| Lender | ||||
| Lender fees and points | $4,450 | You (buyer) | Often | Origination, underwriting and appraisal; compare offers line by line |
| Bank attorney | $1,500 | You (buyer) | Rarely | The lender's own counsel |
| Title & legal | ||||
| Owner's title insurance | $6,300 | You (buyer) | Often | Rates are filed with the state, but endorsements and the title company's fees vary |
| Lender's title policy | $1,920 | You (buyer) | Rarely | Issued at the same time as the owner's policy |
| Recording and filing fees | $750 | You (buyer) | Rarely | Deed, mortgage and transfer forms |
| Buyer's attorney | $5,500 | You (buyer) | Often | Flat fee is common; ask for it in writing |
| Building | ||||
| Move-in and application fees | $1,000 | You (buyer) | Rarely | Refundable deposits are excluded |
| Prepaids | ||||
| Tax and insurance escrow | $3,000 | You (buyer) | Rarely | Three months of taxes held by the lender |
| Homeowner's insurance, first year | $1,800 | You (buyer) | Often | Shop it; coastal policies vary widely |
| Seller's side | ||||
| Brokerage commission | $75,000 | Seller | Often | Negotiable; customary amounts are not set by law |
Estimates, with tax rates checked 2026-10-14. Title premiums, lender fees and building fees vary; your attorney confirms the final figures. Information, not legal or tax advice. Read the guide to closing costs.