How much are closing costs on a $350,000 home in New York?

At New York's average closing-cost rate of 2.47% of price, closing costs on a $350,000 home would be roughly $8,645. Use the calculator above with your own purchase price for an estimate. It is an average, not a quote — get a Loan Estimate from your lender for exact figures.

Do these New York closing costs include transfer taxes?

Yes. The $13,738 / 2.47% figure includes taxes and recording fees. Transfer-tax rules vary by state and county; confirm your state's rate with the relevant revenue office.

Who pays closing costs in New York, the buyer or seller?

Both sides have closing costs, and who pays which line item is set by New York custom and by the purchase contract. Buyers typically pay lender, appraisal and most title costs; sellers often pay the real-estate commission and, in many areas, transfer taxes. Confirm the split in your purchase agreement.

Is this New York closing-cost figure exact?

No. It is a state average for planning. Actual closing costs vary by purchase price, loan type, lender fees, title company, county recording rules and negotiation. This page is not a loan offer, a Loan Estimate, or tax or legal advice.

New York Average Closing Costs 2026 — Real Surveyed Cost (% and $)

Name: New York Average Closing Costs 2026 — Real Surveyed Cost (% and $)
Creator: Gera Tools
License: https://creativecommons.org/licenses/by/4.0/

What home closing costs really average in New York: $13,738 (2.47% of price, incl. taxes & recording) from the latest survey. Scale it to your home price.

New York average home closing costs are $13,738, about 2.47% of the purchase price including taxes and recording fees — above the 1.6% national average — per Bankrate "Average closing costs by state in 2025" (data compiled by LodeStar Software Solutions), as of 2025-09-11. Enter your home price to estimate New York closing costs at the state's average rate. Runs in your browser; an average for planning, not a quote. It runs free in your browser on Gera Tools, with nothing uploaded.

Last updated 18 June 2026 Source: Gera Tools

What are average closing costs in New York?

Average closing costs in New York are about $13,738, which is roughly 2.47% of the home price including taxes and recording fees — above the 1.6% national average. This is the surveyed state average reported by Bankrate "Average closing costs by state in 2025" (data compiled by LodeStar Software Solutions) (as of 2025-09-11); your own costs depend on price, loan type, lender, title company and county.

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New York Average Closing Costs

The latest survey puts average home closing costs in New York at $13,738 — about 2.47% of the purchase price, including taxes and recording fees. That is above the 1.6% national average (national average $4,661, 1.6% of price).

Enter your own home price above and the tool scales New York’s average rate (2.47%) to your purchase price for a planning estimate.

Source: Bankrate “Average closing costs by state in 2025” (data compiled by LodeStar Software Solutions).
As of: 2025-09-11 (methodology average home sale price $438,236).

Average / estimate only. This is New York’s surveyed state average with taxes & recording included. Your actual closing costs depend on the purchase price, loan type, lender fees, title company, county and who-pays-what negotiation. It excludes your down payment and HOA. Not a loan offer, a Loan Estimate, or tax/legal advice — get an official Loan Estimate from your lender.