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DynamicEdge Realty
Eddie McGowan, NY Real Estate Broker
718-440-4180
www.DynamicEdgeRealty.com
Buyer Closing Cost Worksheet
© DynamicEdge Realty. This worksheet is for informational planning purposes only and does not constitute legal, tax, or lending advice.

Buyer Closing Costs Worksheet – New York

Estimate typical buyer closing costs in NYC, Nassau County, and Suffolk County, including lender fees, title charges, recording taxes, and prepaid items.

The following Name/Address fields are optional and are included only for printing or sharing this worksheet. No data entered on this page is saved, stored, transmitted, or recorded in any way. If you wish to keep your work, please print or download the worksheet before leaving this page.

This worksheet may be shared with your attorney for review prior to contract execution.

How to Use

Enter purchase price, cash contribution, property type, and county. Yellow fields are editable. Gray fields calculate automatically.

Planning Tip

Use this worksheet before submitting an offer or signing a contract to understand your full estimated cash requirements.

Items typically paid by sellers (such as transfer taxes and other seller-paid charges) are displayed for transparency but are excluded from buyer totals.

Buyer Closing Costs Calculator

All yellow fields are editable and required. Gray fields are calculated automatically based on your entries.

Purchase Summary

Basic details used to estimate financing amount, taxes, and other costs throughout this worksheet.
Cash applied to the purchase price only (down payment and/or additional principal). Closing costs and prepaids are estimated separately.

Professional Fees

Fees paid to professionals involved in the transaction. Each party typically pays their own attorney. Real estate brokerage fees and attorney fees are negotiable by the parties.
Broker compensation is not set by law and is fully negotiable, and it should be set forth in a written agreement.
Subtotal: $ 0

Mortgage Costs

Costs charged by the lender or required to obtain financing. Government-imposed taxes are shown separately under “Taxes & Government Charges.”
Often ranges ~$330–$750; sometimes charged as a percentage of the loan (sometimes up to 1%).
Estimated as a percentage of the mortgage amount (editable). Lender programs vary.
Estimated using an LTV-based method. Actual PMI varies by loan program and credit profile.
Subtotal: $ 0

Taxes & Government Charges

Taxes and fees imposed by state and local governments due to the transfer or recording of ownership or a mortgage.
Typically paid by the seller at closing.
Typically paid by the seller at closing.
Tiered fee schedule applies. Typically paid by the seller at closing.
Tiered fee schedule applies. Typically paid by the seller at closing.
Subtotal: $ 0

Title & Recording Charges

Costs associated with title searches, recording documents, and related administrative services required to ensure clear ownership and proper public records.
Title Insurance (Estimated)
*Estimates for planning purposes only. Actual premiums are determined by the title company and transaction details.
Title Searches & Reports
If a new survey must be ordered that will usually cost $800 to $1200 payable upfront by the buyer.
Recording & Administrative Fees
Buyer: typically 1 document (deed). Suffolk service fee often differs materially; editable.
Buyers usually only need to record their new deed after closing.
Subtotal: $ 0

Prepaids / Escrows

Funds collected at closing to pay future obligations (such as property taxes) and certain upfront payments. These are not transaction expenses, but they affect the cash required at closing.
Estimated at approximately 1.25× one month of interest. Actual prepaid interest depends on the specific closing date and lender calculations.
Subtotal: $ 0

Totals & Summary

Summary of transaction expenses (by category), prepaids/escrows, and total cash required at closing.
Total Expenses$ 0
Professional Fees$ 0
Mortgage Costs$ 0
Taxes & Government Charges$ 0
Title & Recording Charges$ 0
Total Prepaids / Escrows*$ 0
Total Cash for Purchase Price$ 0
Total Cash Needed to Close$ 0
* Items marked with an asterisk are estimates based on common charges, industry conventions, or timing assumptions. Statutory taxes and fees are calculated precisely based on the information entered above. Actual amounts may vary.

Total Cash Required at Closing

Excluding Down Payment

Breakdown$ 0
Professional Fees
Mortgage Costs
Taxes & Government
Title & Recording
Prepaids / Escrows

How to Interpret This Estimate

This worksheet estimates your projected closing costs based on common New York transaction structures, including transfer taxes, mortgage recording tax, title charges, and prepaid items.

  • Property type matters: co-ops, condos, and houses often have different cost structures.
  • Lender structure affects totals: loan amount, points, and escrow requirements can shift your numbers.
  • Prepaid items vary: taxes, insurance, and timing of closing may increase or decrease required funds.

Next Step: Refine Your Strategy

Understanding your projected closing costs allows you to plan your true cash-to-close position. The next step is aligning those numbers with property selection, financing structure, and offer strategy.

Strategic buyers evaluate not only purchase price, but total liquidity requirements, reserve strategy, and negotiation positioning.

Want a Property-Specific Closing Cost Breakdown?

If you’re preparing to make an offer, I can review your projected closing costs based on the exact property, loan structure, and local tax considerations.

Request a Buyer Cost Review

Important Disclosures & Use Limitations

This calculator and all related interactive tools provided by DynamicEdge Realty are intended for general informational and educational purposes only.

THESE CALCULATIONS DO NOT CONSTITUTE LEGAL, FINANCIAL, TAX, LENDING, OR REAL ESTATE ADVICE, NOR DO THEY CREATE ANY AGENCY, CONTRACTUAL, OR PROFESSIONAL RELATIONSHIP.

Estimated figures are based on common charges, industry conventions, statutory formulas, and typical transaction scenarios. Actual closing costs, prepaid items, taxes, lender fees, and professional charges may vary materially based on property type, loan program, jurisdiction, timing, negotiations, and third-party service providers.

Users must independently verify all amounts and consult with appropriately licensed professionals — including attorneys, lenders, accountants, title companies, and insurance providers — before making any financial or legal decisions.

No Offer to Lend or Extend Credit

This calculator does not constitute an offer to lend, an offer to extend credit, a loan pre-approval, or a loan pre-qualification. Interest rates, mortgage terms, PMI estimates, and escrow assumptions are illustrative only.

Third-Party Data & Assumptions

Some calculations may rely on generalized assumptions or third-party data sources, including publicly available tax schedules, market conventions, or lender practices. DynamicEdge Realty does not verify and cannot guarantee the accuracy or completeness of external data.

USE OF THIS TOOL IS AT YOUR OWN RISK.

For full terms governing the use of calculators, checklists, and interactive tools, please review our Terms of Use.

Additional Search Terms & Topics

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