Buyer closing cost calculator
See your total estimated cash to close on a Long Island purchase, line by line. Rellia does not charge buyers a platform fee — this is what closing actually costs.
Buyer platform fee: $0 — always. Buyers do not pay Rellia. The numbers below are your actual estimated cash to close.
Total cash to close
$166,175
Down payment (20%)$150,000
NY State mansion tax · only ≥ $1M—
Title insurance · ~0.45%$3,375
Mortgage recording tax · ~1.05%$6,300
Buyer attorney (est.)$1,800
Inspection$650
Appraisal$550
Escrow reserves (est.)$3,500
Total cash to close$166,175
How this is calculated
- NY State mansion tax: 1.0% of price, only on purchases at or above $1,000,000.
- Title insurance: approximately 0.45% of purchase price.
- Mortgage recording tax: approximately 1.05% of the loan amount (0% for all-cash purchases).
- Buyer attorney: $1,800 estimate.
- Inspection: $650 estimate. Appraisal: $550 estimate.
- Escrow reserves: $3,500 estimate.
This is an estimate for informational purposes only, not a Loan Estimate or Closing Disclosure. Actual costs vary by lender, insurer, and attorney — confirm final figures with your lender and attorney.