Mortgage Calculator



Purchaser's Closing Costs


Bank Fees

Includes fees such as discount points, application fee, credit reports, document preparation, underwriting/post-closing review and appraisal fee. Varies according to bank and loan product. Obtain Good Faith Estimate from Lender. 

$600 - $1,000
$75 - $125

 

$500 - $1,000

$250 - $1,000

$500 - $1,000

1% of purchase price when price is $1,000,000 or more

$2,250 - $3,000

Purchaser reimburses Seller for any prepaid maintenance or common charge payments

Bank Attorney
UCC - 1 Filing Dee

 

Move-in DEPOSIT (refundable)

Move-in fee (non-refundable)

Purchase application Fee

Mansion Tax


Purchaser's Attorney Fee

Maintenance or Common Charge Adujstment

 

 

COOPERATIVE APARTMENT PURCHASES ONLY

$500 - $1,000
$350
$150 - $250

Purchase Application Fee
Judgment and Lien Search
Financing/Recognition Agreement Fee

 

COndominium APARTMENT PURCHASES ONLY

Title Insurance
Mortgage Title Insurance
Real Estate Tax Adjustment

NY State Mortgage Recording Tax
Title & Municipal Search Fee
Deed Recording Fee

Unit Owner's Power of Attorney Recording Fee

Approximately $4 per $1,000 of purchase price
Varies according to loan amount
Purchaser reimburse Seller for any pre-paid real estate tax

1.80% if mortgage amount is less than $500,000
1.925% ig mortgage amount is $500,000 or more
$500
$250

$125


PURCHASER'S ADDITIONAL CLOSING COSTS - NEW CONSTRUCTION

$1,800 - $2,500
The transfer taxes are calculated and added to the purchase price (for tax purposes only) and then recalculated based upon the bulked up price (may trigger Mansion Tax)


Calculated based upon Purchaser's percentage of common interest in the building

One-time fee equal to 1 - 2 months of common charges

Sponsor's Attorney Fees
Sponsor's NYC and NYS Transfer Taxes

 

 


Resident Manager's Apartment (if applicable)


Working Capital Fund Contribution