What closing actually costs in Connecticut.
The fees on a closing statement are not a mystery once someone explains them. Here is what buyers and sellers each pay, and where every line comes from.
Loan and lender
Title and legal
Recording and prepaids
Commission
Conveyance tax
Payoff and legal
Lender and title
Recording
Your figures depend on the deal.
Which side of the closing are you on?
Pick one. You will see only the costs that land on your side of the closing statement.
What buyers pay.
Loan & lender fees
From the lenderOrigination, application, appraisal, and credit costs your lender charges to make the loan. These show up on your Loan Estimate.
Title search & insurance
Protects your titleThe search that reveals liens, unreleased mortgages, easements, and gaps affecting title, plus the lender's policy and an owner's policy. More on title.
Attorney fee
$1,050 flatYour closing attorney's fee for handling the transaction. Ours is a flat $1,050 for most residential closings, in writing before we start. What attorneys cost in CT.
Recording fees
Public recordTown charges to record the deed and mortgage in the land records so your ownership is official.
Prepaids & escrows
Paid aheadProperty taxes and homeowners insurance collected in advance and held in escrow, plus any prepaid interest.
What sellers pay.
Real estate commission
Usually the largestThe agreed commission for the agents involved, set in your listing agreement.
Conveyance tax
State + townConnecticut's tax on selling real estate, with a state portion and a municipal portion. The amount depends on price and town, and your attorney calculates it for your sale.
Mortgage payoff
Pays off your loanThe remaining balance on your current mortgage, paid from the proceeds so the lien is released.
Attorney fee
$1,050 flatYour attorney's fee for handling the sale, the payoff, and the transfer of title. Ours is the same flat $1,050 as the buy side on most residential closings.
What refinancers pay.
Loan & lender fees
From the lenderOrigination, appraisal, and credit costs from your new lender. These show up on your Loan Estimate.
Title rundown & lender's policy
Required by the lenderA check for new liens since you bought, plus a new lender's title insurance policy. Your existing owner's policy stays in effect.
Attorney fee
Your representationOur refinance fee is flat and in writing before we start. How a refinance closing works.
Recording fees
Public recordTown charges to record the new mortgage and release the old one in the land records.
Categories are easy. Your numbers take five minutes.Closing costs · Mancuso Carey
Want your actual figures?
Categories only get you so far. Put your own numbers into the buyer closing cost calculator or the seller net sheet and you’ll have a working estimate in about a minute. For an exact figure on a real deal:
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- Which costs are yours, and which are negotiable
- What to expect on your closing statement
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Closing-cost questions.
Who pays closing costs, the buyer or the seller?
How much are closing costs in Connecticut?
What is the Connecticut conveyance tax?
Can closing costs be negotiated?
The figures on this page are Connecticut’s. We also close throughout Massachusetts, where the taxes and recording fees differ. Call and we’ll walk you through yours. This is general information, not legal advice. Every situation is different. Reach out to discuss yours.
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