Oxford Property Group | Calculate Your Costs
I am a —
General information —

Buying or Selling? Select the options that
pertain to your transaction.

Buying directly from the Sponsor?
Property type
Will you have a mortgage?

Price and downpayment —

What is the price of the apartment? How much are you ready to pay upfront?

Price
Dollars
Downpayment
%
Mortgage
0USD

Price

0

Downpayment

0

Mortgage

0
Price:    0
Price—
Price
Dollars

Fees for Condo/Townhouse —

You will require the services of an attorney and other companies in order to perform due diligence on the property. All relevant documents must be copied, certified, and filed with the New York City Register. Mansion Tax must be paid on all real estate purchases over $1000000.

Attorney Fees

$2,000 and up

USD
Survey Fees

$250-$350, if applicable

USD
Recording Expenses

Starting at $500

USD
Title Insurance

$450 per $100,000

0
USD
Mansion Tax

1% if the price plus NYS and NYC Transfer tax > $1,000,000

0
USD

Attorney Fees

0

Survey Fees

0

Recording Expenses

0

Title Insurance

0

Mansion Tax

0
Price:    0
Fees for Coop —

Attorney and lien search company will help you with due diligence on the property and recording of the contract. All real estate purchases over $1,000,000 are subject to Mansion Tax.

Attorney Fees

Starting at $2,000

USD
Mansion Tax

1% if the price plus NYS and NYC Transfer tax > $1,000,000

0
USD

Attorney Fees

0

Mansion Tax

0
Price:    0
Building-related Fees —

Each building has its own Board that sets the rules specific to their building. Such rules cover such procedures as application and approval of future residents, the move-in procedure, sublet policy, and any repairs and improvements on the building.
Residents are responsible for monthly charges for common areas and services in the building.

Application

$200 and up

USD
Move-In Deposit

$500-$1000, usually refundable

USD
Maintenance Adjustment

One month of common charges, prorated for the month

USD
Lead Paint Disclosure Fee $0-$50
USD

Application

0

Move-In Deposit

0

Maintenance Adjustment

0

Lead Paint Disclosure Fee

0
Price:    0
Bank and Mortgage-Associated Fees —

Employing a mortgage in the financing of your purchase will cause you to incur the costs and fees associated with the mortgage application process. Depending on the institution, fees may be fixed or negotiable, and vary across the board. You will have to acquire an independent appraisal and a mortgage title insurance. Mortgage costs tend to run from3% to 6% of the borrowed amount, and the Mortgage Tax in New York is paid once when the mortgage is obtained.

Appraisal

$400 and up

USD
Credit Report

$30-$80 per applicant

USD
Mortgage Application

$300 and up

USD
Mortgage Origination Fees

0-3% of value of the loan

USD
UCC-1 Filing

$75-$125

USD
Bank Attorney

$400 and up

USD
Recognition Agreement

$300 - $350

USD
Other Bank Fees (tax escrow, homeowners' insurance)

$400-$1200

USD
Mortgage Title Insurance

$200 per $100,000

0
USD
Mortgage Tax

If mortgage < $499,999 then 1.8% of mortgage
If mortgage > $499,999 then 1.925% of mortgage

0
USD

Appraisal

0

Credit Report

0

Mortgage Application

0

Mortgage Origination Fees

0

UCC-1 Filing

0

Bank Attorney

0

Recognition Agreement

0

Other Bank Fees (tax escrow, homeowners' insurance)

0

Mortgage Title Insurance

0

Mortgage Tax

0
Price:    0

Buying From Sponsor

Fees for Condo/Townhouse

0

Fees for Coop

0

Building-related Fees

0

Bank and Mortgage-Associated Fees

0
Total Cost:  0