Tools
Home buying calculators
Estimate closing costs, monthly payments and New York's mansion tax for a home in Queens, elsewhere in New York City, or in Nassau County. These are estimates; your attorney and lender will give you exact figures.
Closing cost estimator
Buyer's costs at closing, using the 2026 tax rates and typical fee ranges from the closing-costs guide.
How closing costs work in NYC| Mortgage recording tax | $10,010 |
|---|---|
| Mansion tax | $0 |
| Title insurance and title fees | $3,500 – $5,000 |
| Buyer's attorney | $2,500 – $4,000 |
| Lender and bank-attorney fees | $1,500 – $3,000 |
| Building fees | $500 – $1,500 |
| Estimated total | $18,000 – $23,500 |
2.8% – 3.6% of the price
- Leaves out prepaid items such as property-tax escrow and homeowners insurance, and adjustments for taxes and charges.
- New-development condos: buyers often also pay the NYC and NYS transfer taxes and the sponsor's attorney fee.
- Nassau County mortgage tax shown is the borrower's 0.8% for one- and two-family homes and condos; buildings with three or more units pay more.
Mortgage payment
Monthly principal and interest on a fixed-rate loan, plus the taxes and building charges you enter.
$3,544/ month
| Loan amount | $520,000 |
|---|---|
| Principal and interest | $3,544 |
| Monthly taxes, insurance and building charges | $0 |
Mansion tax
New York's mansion tax applies to the whole price of a home that sells for $1 million or more, and the buyer pays it in cash at closing.
$12,000
Rate: 1.00%
| Price | NYC rate |
|---|---|
| $1M to under $2M | 1.00% |
| $2M to under $3M | 1.25% |
| $3M to under $5M | 1.50% |
| $5M to under $10M | 2.25% |
| $10M to under $15M | 3.25% |
| $15M to under $20M | 3.50% |
| $20M to under $25M | 3.75% |
| $25M and up | 3.90% |
A State Senate bill introduced in June 2026 (S10652) would raise the threshold to $2 million. It has not become law.
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