Closing costs, explained.
Estimate what you'll pay at closing when you buy, or what you'll walk away with when you sell.
For one- and two-family homes in New York City, Long Island, Westchester and nearby New York counties. Not for New Jersey, condos or co-ops.
Enter the property's location and purchase price to see your estimate.
Total cash needed is your down payment plus estimated closing costs. A contract deposit you've already paid counts toward it, so the balance due at closing is usually lower.
See the itemized estimate
Calculated = set by New York tax and fee rules · Estimated = our assumption · Entered = the amount you typed.
Estimate your monthly mortgage payment
Enter a rate from 2% to 12%.
Your actual mortgage rate, payment and loan terms will be determined by your lender. May exclude mortgage insurance (PMI), HOA charges and other expenses. Monthly figures are separate from closing costs.
Estimates are for planning purposes only. Actual closing costs depend on your property and transaction.
About these estimates and limitations
These figures are estimates for planning purposes, not a quote or final closing statement. Actual charges depend on the property, location, lender, title company and terms of the transaction. Taxes and recording fees are calculated from New York rules for a 1–2 family home; title, search, attorney and lender fees are estimates; the expenses you enter are included as typed; the attorney fee shown is a general planning estimate, not a Zlotowitz Law fee quote. Transfer taxes are normally paid by the seller. Taxes, fees and rates can change at any time, and figures may be out of date. Zlotowitz Law makes no representation as to the accuracy or completeness of these estimates and accepts no responsibility for decisions made in reliance on them.
Enter the property's location and sale price to see your estimate.
Net proceeds are the sale price less selling costs and the mortgage payoff. The final figures depend on the payoff letter, your brokerage agreement, adjustments and other closing charges.
See the itemized estimate
Calculated = set by New York tax rules · Estimated = our assumption · Entered = the amount you typed.
Estimates are for planning purposes only. Actual closing costs depend on your property and transaction.
About these estimates and limitations
Estimated selling costs and net proceeds are for planning purposes only. Actual amounts depend on the final payoff figures, applicable taxes, brokerage agreement, adjustments and closing arrangements. Transfer taxes are calculated from New York State and New York City rules for a 1–2 family home sold by its owner; attorney and payoff fees are general planning estimates, not a Zlotowitz Law fee quote; brokerage is included only as you enter it. Taxes, fees and rates can change at any time, and figures may be out of date. Zlotowitz Law makes no representation as to the accuracy or completeness of these estimates and accepts no responsibility for decisions made in reliance on them.
Questions about your closing costs?
We're happy to discuss the legal side of your upcoming purchase or sale.
Prefer to call? (516) 714-4200