| For the Seller Broker: Typically 6% Own Attorney: Consult your attorney NYC Transfer Tax: $4 per $1,000 of price Miscellaneous Title Fees: $200-$500 Pick-up / Payoff Fee to Title Closer: $100-$300 | For the Purchaser MORTGAGE CLOSING COSTS Buyer's Attorney: Consult your attorney Bank Fees: $750 Application Fee: $350 Processing Fee: $330 Appraisal Fee: $300-$1,500 (depending on sales price) Credit Report Fee: $9.80 single/$14.60 joint Bank Attorney: $650 Tax Escrows: 2 to 6 months Recording Fees: $250-$750 Mortgage Tax: 0.8% Fee Title Insurance: Approx. $450 per $100,000 of sales price under 1M - +15% on $1M or more Mortgage Title Insurance: Approx. $130 per $100,000 of mortgage amount Municipal Search: $350-$500 Mansion Tax: 1% of entire purchase where price is $1,000,000 or more Peconic Bay Tax: Tax applies to properties in the townships of Southampton, East Hampton, Riverhead, Southold and Shelter Island. South Fork: 2% of purchasee price less $250K for improved land (house). 2% of purchase price less $100K for unimproved land. North Fork: 2% of purchase price less $150K for improved land. 2% of purchase price less $75K for unimproved land. |
- Location:
- New York New York County
