HomeClosing Costs by StateNew York

Closing Costs in New York (2026 Guide)

Exact transfer tax rates, recording fees, and title insurance costs for New York home buyers and sellers. Updated for 2026.

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New York Closing Cost Summary

State Transfer Tax
$2.00 per $500 of sale price
Paid by: seller
Deed Recording Fee
Varies by county
Set by county recorder
Owner's Title Insurance
~$1,260 on a $450K home
On a $450K home
Sample Transfer Tax
$1,800
On a $450K sale
Note: New York may have additional county and municipal transfer taxes on top of the state rate. Local rates vary significantly. The calculator accounts for all layers for any specific address.
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New York Closing Cost FAQ

How much are closing costs in New York?

Closing costs in New York typically range from 2% to 5% of the sale price for buyers, and 1% to 3% for sellers (excluding agent commission). The main components are transfer taxes, recording fees, and title insurance. Use the myClosingCost calculator for an exact estimate on any New York address.

Does New York have a real estate transfer tax?

Yes. New York imposes a transfer tax of $2.00 per $500 of sale price, typically paid by the seller.

Who pays closing costs in New York — buyer or seller?

In New York, some costs are customarily paid by one side. Transfer taxes are often split or assigned by custom and contract. Recording fees for the deed are typically paid by the buyer. Title insurance is negotiable. The myClosingCost calculator shows both buyer and seller totals side by side.

How much is title insurance in New York?

Owner's title insurance in New York costs approximately ~$1,260 on a $450K home. The exact premium depends on the sale price and which underwriter your title company uses.

How much are recording fees in New York?

Recording fees in New York are set by each county recorder and typically range from $25 to $200 for a standard deed.

Can I calculate closing costs for a specific New York address?

Yes. myClosingCost covers all New York counties and calculates exact transfer taxes, recording fees, and title insurance for any residential address. Enter your address at myclosingcost.com — no account required, completely free.

Closing Costs by State

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