New York Closing Costs Calculator
Estimate closing costs for buying a home in New York. Average closing costs run 2.8% of the purchase price (about $12K on the median home).
New York: Avg closing costs 2.8% of price. Transfer tax: 0.8%.
Lender Fees
$3,521
origination, underwriting
Third-Party
$3,600
appraisal, title, inspection
Government Fees
$3,440
transfer taxes, recording
Prepaids + Escrow
$7,182
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$3,096
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,450
Recording Fee$150
Transfer Tax$3,440
Prepaid Taxes (3 mo)$1,849
Prepaid Insurance (12 mo)$2,100
Prepaid Interest (15 days)$1,034
Escrow Reserves$2,199
Total Closing Costs$17,743
New York Housing at a Glance
Median Home Price
$430K
New York statewide
Property Tax Rate
1.72%
$616/mo on median
Avg Closing Costs
$12K
2.8% of purchase price
Homeowners Insurance
$2,100/yr
$175/mo
New York First-Time Buyer Program
SONYMA Achieving the Dream
Down payment assistance: Up to $15,000 DPAL