Estimation of Closing Cost Chart (房屋買賣手續費計)

The following chart provides estimated closing costs for buyers at various purchase price levels in New York City. These are approximations — actual costs depend on the specific transaction.

Buyer Closing Cost Estimates (Resale, with Mortgage at 80% LTV)

Purchase Price	Mortgage Amount	Mortgage Rec. Tax	Title Insurance	Attorney + Other	Est. Total
$500,000	$400,000	$7,200	$2,800	$4,000	~$14,000
$750,000	$600,000	$11,550	$3,500	$4,500	~$19,550
$1,000,000	$800,000	$15,400	$4,200	$5,000	~$24,600*
$1,500,000	$1,200,000	$23,100	$5,500	$5,500	~$34,100*

* Purchases of $1M+ are also subject to Mansion Tax (1% or more), which adds $10,000 - $15,000+ to the total.

Important Notes

• New construction purchases may add 3-5% more in buyer costs (transfer taxes, sponsor fees)
• Co-op purchases generally have lower closing costs (no title insurance, no mortgage recording tax)
• All-cash purchases eliminate mortgage recording tax and bank-related fees
• These estimates are for general planning purposes only

Contact Huang & Associates, P.C. for a precise closing cost estimate for your specific transaction.