Closing Cost Estimator - Condominium Purchase

Enter numeric values in all the required fields indicated in bold. When all the numbers are entered, press the Get Estimate button to retrieve the totals.

Some fields have automatic calculations. To override that function, click on the Override check box to the right of the text field and enter a value. For Mortgage Amount, enter a percentage number and it will automatically calculate.

    Override
Purchase Price  
Mortgage Amount %
Common Charges per Month
Enter a percentage number
Real Estate Taxes per Year  
Condo Owner's Insurance per Year  
Mortgage Interest Rate  
Sponsor Sale?  
Transfer Tax Rate
NYC Mortgage Tax
Mortgage Tax
Mansion Tax
Managing Agent Application Fee (Estimate)
Engineer's Inspection Fee  
Title Premium - Owners (Approx.)
Title Premium - Mortgage (Approx.)
Title Searches (Estimate)
Recording Fees (Estimate)
Title Closer Fee
Bank Fees (Estimate)
Bank Attorney Fee (Estimate)
Common Charges (one month)
Real Estate Taxes (Estimate)
Move-in Fee (Estimate)
Move-in Deposit (Refundable) (Estimate)
Working Capital Contribution (Sponsor Sale)  
Transfer Taxes (Sponsor Sale) (Approx.)
Sponsor Legal Fee (Sponsor Sale) (Approx.)
Buyer Legal Fee
Purchase CEMA Legal Fee
Partial Mortgage Tax credit?  
Seller concession?  
Total  
     
     
Total Equity needed  
Total Closing Costs  
Total Cash needed for purchase  
Monthly Payment Before Tax Deduction:
Principal & Interest  
Taxes
Insurance
Common Charges  
Monthly Payment Before Tax Deduction  
Monthly Payment After Tax Deduction:
Monthly Payment  
Tax Bracket %  
Int & RET monthly  
Tax Deduction Monthly  
Monthly Payment After Tax Deduction  
The closing costs calculated on this website reflect estimates only. The actual costs you incur may differ. Use of this website does not create an attorney-client relationship with Hafif & Associates, PLLC. Please contact an attorney at (212) 944-0600 to discuss your particular transaction.

275 Madison Avenue, Suite 800
New York, NY 10016
Tel: (212) 944-0600
Fax: (212) 944-7747