Estimated Closing Cost Summary For Sellers

Example 1: Assuming a sale price of $2.0 million, closing costs would be approximately $110,000 which assumes a 5% real estate commission, $2,000 in attorneys’ fees and $8,000 in New York State Transfer Tax. Other municipal taxes may apply. For instance, in Yonkers there is an additional 1.5% of the selling price due as a transfer tax. Please confirm with your lawyer and mortgage broker.

Example 2: Assuming a sale price of $800,000, the closing costs would be approximately $45,200 which assumes a 5% real estate sales commmission, $2,000 in attorneys’ fees and $3,200 in New York State Transfer Tax. Other municipal taxes may apply. For instance, in Yonkers there is an additional 1.5% of the selling price due as a transfer tax. Please confirm with your lawyer and mortgage broker.

Notes: 
1) Represents only a rough closing cost estimate. For an accurate estimate of closing cost please contact White Horse Mortgage or your mortage broker to have a “Good Faith Closing Cost Estimate” prepared.

Information is deemed correct but not guaranteed. For a “Good Faith Closing Cost Estimate” please contact White Horse Mortgage or your mortgage broker and they can assist you.