I want to buy a studio in Manhattan and i'm new to the USA. How much
cost all in (tax, mortgage up front fee, registration, etc..) do i
have to add to the house price to get the money i need to put up.
Please express as a % of the house price or as ax+b.

---

Clarification of Question by legitimus-ga on 07 Jan 2006 16:58 PST

i' d need a rough answer, let's say with a 75% level of confidence,
covering most cases.

---

Clarification of Question by legitimus-ga on 07 Jan 2006 18:04 PST

Let's say regarless of the nature of the good bought. I'm interested
in assessing roughly what is called  in the US the "closing fees".
In my country a certified lawer would close everything (tax, deed,
survey certification) for a approximate amount of 7% of the real
estate price. Can we come up with  such an appromimate % in the US ?

Buying a "studio" would be some sort of condo purchase and the condo
association probably has specific requirements and limits which may
not be similar to those for houses.

Also, it will depend a lot on your credit rating - even insurance
rates vary with your credit rating.

Contact a "buyer's agent" who will represent your interests in a real
estate transaction.  They will answer all your questions and work with
you to buy something.  A real estate agent or broker represents the
seller - even though you may be the one that approaches them for help
in your real estate transaction.  The buyer's agent represents your
interests.

Maybe this is some help:

http://www.elliman.com/MainSite/TownHouse/ClosingCosts.aspx

http://money.cnn.com/2004/03/22/pf/yourhome/closingcosts/

http://www.davidovlaw.com/r_estate/ccosts.html

http://www.feinlawyer.com/TOCFactsforBuyers.htm

http://www.striblingny.com/buyers.asp

I didn't check to see if the advice agrees or varies greatly.  With a
condo, you need to be fully aware of the monthly fees for general
upkeep.

There are many more sites to be found with:  NYC real estate "closing costs"

Good luck, Myoarin