Westchester Buyer Closing Cost Calculator

The 1% New York mansion tax at $1M and above, Westchester’s 1.30% mortgage recording tax (the borrower pays 1.05%), title insurance and county fees, by town.

Westchester buyer

Your purchase

Purchase price

Down payment30%

Mortgage amount: $1,400,000

Property type

Town

Primary residence

Affects homestead / non-resident treatment in some markets.

On a $2.00M 70%-financed purchase in Scarsdale (Westchester County), buyer closing costs run approximately $60,395 (3.02% of price). Outside NYC the mansion tax is a flat 1% at $1M and up, and there is no city transfer tax.

Total closing costs

$60,395

% of price

3.02%

Statutory taxes + recording

$35,245

NY State mansion tax(1.00%)

1% of the entire price on residential purchases of $1M or more, buyer-paid. NYC's graduated rates (up to 3.9%) apply only inside the city.

Source: NY Tax Law §1402-a

$20,000

Westchester County mortgage recording tax (borrower share)(1.05%)

Westchester's total is 1.30%: the borrower pays 1.05% (including the 0.25% county tax), less $30 on a 1-2 family dwelling, and the lender pays the 0.25% special additional tax. Yonkers is 1.80%; this assumes the parcel is in the town named.

Source: NY Tax Law §253; Form MT-15; County Clerk

$14,670

Recording + county filing feesestimate

Westchester: $125 RP-5217 filing plus deed and mortgage recording and page fees. Confirm with the County Clerk.

Source: Westchester County Clerk schedule

$575

Title insurance

$12,100

Owner's title insuranceestimate

Estimated at ~0.5% of price. Nassau, Suffolk and Westchester share NYC's TIRSA zone; the premium includes the title search. Buyer-paid in NY.

Source: TIRSA Zone 2 rate (estimate)

$10,000

Lender's title insuranceestimate

Source: TIRSA simultaneous-issue rate (estimate)

$2,100

Service + lender fees

$13,050

Attorney feesestimate

Range $2,500-$5,000. New York buyers retain counsel for contract and closing.

Source: Market typical

$3,500

Surveyestimate

Source: Market typical

$800

Property tax prorationestimate

School, town/village and county taxes prorate at closing on the local tax calendar.

Source: Varies by closing date

varies

Lender origination feeestimate(0.50%)

Estimated at 0.5% of loan. Range 0-1.5% on jumbo loans.

Source: Market typical

$7,000

Appraisal feeestimate

Source: Market typical

$850

Other lender fees (credit, underwriting, etc.)estimate

Source: Market typical

$900

Note: Taxes follow the parcel's actual municipality, not its mailing address. Some Bronxville, Scarsdale and Larchmont ZIP codes include parcels in Yonkers or New Rochelle; Yonkers adds its own transfer tax and a 1.80% mortgage tax.

The full breakdown

See every line item.

Planning a Westchester purchase?

The figures above are statutory taxes and estimated fees. Send the town and your price range to discuss the transaction and, where it connects to an NYC sale or purchase, how the two sides fit together.

Corey Cohen

Licensed Associate Real Estate Broker · The Roebling Team at Compass

Schedule a consultation →

646.939.7375·c.cohen@compass.com

A note on representation

The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For Westchester we bring along a vetted Compass agent who specializes in the area. This page and its calculators are research, not an offer of representation.