NYC Buyer Closing Cost Calculator: Condo & Co-op

Calculate your total closing costs depending on whether you're buying a condo or co-op in NYC.

Buying in New York City comes with a closing cost structure unlike anywhere else in the country. The gap between what you expect to pay and what you actually owe at the table can be significant. Mansion tax tiers, mortgage recording tax, title insurance versus UCC searches, sponsor attorney fees on new development purchases: it adds up fast, and it adds up differently depending on whether you're buying a condo or a co-op.

This calculator is built specifically for NYC buyers. Plug in your purchase price, property type, and financing details to get a realistic picture of your total cash required, broken down by what's due at contract signing versus what's due at closing, plus your projected monthly carrying costs.

Whether you're budgeting for your first apartment in Williamsburg, a pre-war co-op on the Upper West Side, or a new development condo in Chelsea, use this as your starting point. Then reach out and I'll walk you through the numbers specific to your deal.

NYC Condo/Co-op Monthly & Closing Cost Calculator

Condo tax is entered monthly. Includes sponsor-sale items, mansion tax tiers, mortgage recording tax (condos, financed), title vs UCC, deposit vs closing timeline, and closing costs as a % of price.
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Estimates only; varies by lender, building, and terms. Title applies to condos; co-ops use UCC/lien searches. Mortgage recording tax applies only to condos and only when financing. Sponsor sections show extra buyer costs unique to sponsor sales.
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Total Closing Costs (Net)
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Due at Closing$0
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What NYC Buyer Closing Costs Include

NYC closing costs vary based on property type, sale type, and how you're financing, but here's what buyers typically need to account for:

For Condo Buyers (Financed)

  • Mortgage recording tax: 1.8% on loans under $500K; 1.925% on loans of $500K and above (NYC + NYS combined)
  • Title insurance: protects your ownership interest and your lender's interest
  • Mansion tax: ranges from 1% to 3.9% depending on purchase price (kicks in at $1M)
  • Buyer attorney fees
  • Bank attorney, appraisal, and lender fees
  • Common charge and tax adjustments at closing
  • Move-in deposit (building-specific)

For Co-op Buyers:

  • UCC/lien search fees (co-ops don't use title insurance)
  • Buyer attorney fees
  • Bank attorney and lender fees (if financing)
  • Mansion tax (same tiers as condos)
  • Stock transfer tax
  • Maintenance adjustments at closing
  • Move-in deposit and working capital contribution (building-specific)

For New Development / Sponsor Sales (add to the above):

  • Sponsor attorney fee: typically  $1,500–$4,500, paid by the buyer
  • Working capital / reserve fund contribution: usually 1–2 months of common charges
  • Transfer taxes may be passed to the buyer depending on the offering plan

All-Cash Buyers:

Skipping financing eliminates mortgage recording tax and bank-related fees — but mansion tax, attorney fees, title/UCC costs, and adjustments still apply. All-cash purchases can reduce total closing costs by 1.5–2% of the purchase price depending on loan size.