Gera Tools

Connecticut Closing Cost Calculator

Estimate Connecticut home-buying closing costs and transfer taxes

Estimate total closing costs to buy a home in Connecticut, including the state's 1.250% real-estate transfer tax, lender origination, title, appraisal, and prepaid escrow. Shows itemized buyer closing costs as a dollar amount and percent of price.

How much is the Connecticut real-estate transfer tax?

Connecticut's real-estate transfer tax is about 1.25% of the purchase price. On a $400,000 home that is roughly $5,000. Who pays it (buyer or seller) can vary by contract and locality.

The Connecticut Closing Cost Calculator estimates the one-time costs a buyer pays at closing on a home in Connecticut — separate from your down payment. Connecticut’s real-estate transfer tax is about 1.25% of the purchase price. On top of that you pay lender, title, appraisal and prepaid escrow costs.

How it works

The tool sums the standard buyer closing-cost lines:

transferTax   = price * 0.0125
origination   = loan  * 0.01
title         = price * 0.005
appraisal     = $600 (flat)
prepaidTax    = price * 0.011 / 12 * 2   (≈2 months escrow)
prepaidIns    = $1,500 / 12 * 12         (12 months homeowners insurance)
total         = sum of the above

The lines specific to Connecticut:

  • Transfer tax — Connecticut’s rate is about 1.25% of the purchase price.
  • Lender origination — about 1% of the loan amount (price minus down payment).
  • Title and settlement — about 0.5% of the purchase price.
  • Appraisal — a flat $600.
  • Prepaid escrow — roughly 2 months of property tax plus 12 months of homeowners insurance (about $1,500/yr).

The total is shown as a dollar figure and as a percent of the purchase price.

Example

Take a $400,000 home in Connecticut with $80,000 down (a $320,000 loan). The transfer tax is about $5,000 (1.25%). Lender origination is about $3,200 (1% of the loan), title is about $2,000 (0.5% of price), the appraisal is $600, prepaid property-tax escrow is about $733, and prepaid insurance is about $1,500. Summed, total buyer closing costs come to roughly $13,033, or about 3.3% of the purchase price.

Notes

This is a planning estimate only, not financial or legal advice. Connecticut’s transfer-tax treatment shown here is a statewide approximation — some counties and cities add their own recording or transfer fees, and contracts vary on whether the buyer or seller pays. Lender origination, title and escrow amounts depend on your specific lender, title company and county. Always rely on your official Loan Estimate and Closing Disclosure, and confirm transfer-tax rules with the Connecticut department of revenue or a local closing attorney.