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closing costs on condo.

Started by noob
over 15 years ago
Posts: 30
Member since: Sep 2009
Discussion about
i'm a real estate noob and wanted to know what are ALL the closing costs associated with buying a condo (i.e. lawyer fees, broker commission, taxes, etc.). just looking to get an exact idea of how much i need on top of down payment at closing. let's say the condo costs $400k. any help would be greatly appreciated. much thanks!
Response by joseesq
over 15 years ago
Posts: 176
Member since: Apr 2010

I asked a similar question:
http://streeteasy.com/nyc/talk/discussion/21237-closing-costs-of-new-developments

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Response by Mikev
over 15 years ago
Posts: 431
Member since: Jun 2010

This may help a little. I used this as a guide and it was pretty close, some fees are fill in what you know from offering plan. But mortgage costs, taxes, etc seem to calculate fine.

http://www.evansnyc.com/calculator/closingcosts/

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Response by LookPied
over 15 years ago
Posts: 256
Member since: Mar 2009

Here's another great guide to buying a coop or condo in NYC/Manhattan which lists all the possible closing costs for either a coop or a condo:

http://nycrealtor.us/id6.html

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Response by noob
over 15 years ago
Posts: 30
Member since: Sep 2009

thanks all. this may be a dumb question but does the seller always pay the 6% broker commission?

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Response by wellheythere
over 15 years ago
Posts: 166
Member since: Dec 2008

usually yes

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Response by JR1
over 7 years ago
Posts: 184
Member since: Jun 2015

Around $400k assuming 80% financed, would wager it's around $17k

Play around for yourself:

https://www.hauseit.com/closing-cost-calculator-for-buyer-nyc/

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