Purchasing a home involves more out-of-pocket expense than just the down payment. There are also closing costs to pay for items such as title policies, recording fees, inspections and fees that a lender charges for obtaining a mortgage. The following schedule is an estimate of the closing costs that a buyer can typically expect to pay at closing.
PURCHASER’S REAL ESTATE CLOSING COSTS:
Mansion Tax 1% of purchase price when $1,000,000 or over