NYC Closing Costs & Net Proceeds Calculator

Use our simple calculator to determine what your closing costs will be. Just answer the simple questions below.

Property Basics

Are you the Buyer or Seller?

Property type


Mortgage information

Did you take out a mortgage when you purchased the property?

Typically 0-3% of value of the loan.

Additional Fees

Capital improvements can be deducted from gains when calculating tax withholding for out of state residents.

Enter if applicable. Check your building’s by-laws to determine if you must pay estate fees.

$250-$750, if applicable.

Enter if applicable. Check your building’s by-laws to determine if you must pay a flip tax.

Some condo buildings charge an additional fee, sometimes called a “Resale Contribution,” upon the sale of a property. Check the by-laws of your building to determine if you will need to pay this fee.

Are you a resident of New York
State?i

Sellers whose primary residence is outside of New York State must pay tax withholding based on the gross sales price upon sale.

Are you a resident of the US?i

Foreign nationals are required to pay tax withholding of 10% at the time of sale.

Are you using a traditional exclusive listing real estate broker to sell your home?

This percentage is assumed to be divided equally between the seller and buyer brokers.

Will you accept an offer from a buyer using a buyer’s broker?

Net Proceeds

Was original purchase a new construction?

Are you buying a new construction?

Will you buy this property with a mortgage?

Typically 0-3% of value of the loan.

Your Closing Costs

<

Enter your values on the left to start generating your closing costs & net proceeds.