Connecticut closing cost calculator

The September 2026 reading for a typical Connecticut home is $447,319, taken from the Zillow Home Value Index. That amount is rounded to $447,000. The buyer puts down $89,400 and finances the remaining $357,600 in this example. The buyer's closing costs total $8,615, which is roughly 1.9% of the sale price.

Add your down payment to the closing costs to get your cash to close. In this case, the total comes to $98,015.

This lender fee pays for the work involved in setting up your loan. Because the calculator has no Connecticut title rate table, we use a national estimate for the owner's title policy. Recording fees use the Town of Greenwich schedule, but your town may set different amounts. Enter your own price and down payment to see the figures for your closing.

In Connecticut, typical values start at $305,581 for the least expensive third of homes and rise to $782,175 for the priciest third. With a 20% down payment, closing costs for buyers range from $5,309 to $17,219.

Sales of $2,000 or higher are subject to this tax, which is charged when a home changes ownership. This tax is customarily paid by Connecticut sellers, and the state and town portions must both be settled before recording the deed, as the Connecticut General Assembly explains. The rates shown apply to homes.

Every town sets a base tax of 0.25% based on the sale price. An added charge of up to 0.25% may apply in nineteen qualifying towns. Stamford has a lower rate, and Groton and Thomaston add no extra amount.

The seller, that seller's attorney or that seller's agent files Form OP-236. The Department of Revenue Services says the return and tax are due at recording. A buyer's mortgage deed has no tax because it secures a debt, not a home sale.

In our $447,000 example, the seller's conveyance tax comes to $3,353. Seller figures appear next to buyer figures in the calculator, so you can compare both sides before you settle on a price.

The state has no separate tax with that name. The phrase means the higher tiers of the state conveyance tax, whose rates increase with the sale price.

Because each tier has its own rate, the 1.25% applies only to the part above $800,000. For sales over $800,000, that rate applies to the extra amount rather than the full price.

A credit against state income tax for property tax may apply to Connecticut residents who paid the top 2.25% rate for the part of a home's price exceeding $2.5 million, the General Assembly notes. That highest tier alone qualifies for the credit.

Court-ordered transfers for divorce, annulment, legal separation or foreclosure sale carry no state or town conveyance tax.

A short sale takes place when the selling price is under the amount still owed on mortgages and tax liens. If the seller lives in the property as a main residence, the short sale is exempt.

As a Connecticut Bar Association presentation states, a rule effective October 1, 2019 permits only lawyers admitted in Connecticut to conduct a real estate closing.

Across the country, the average buyer's agent commission equals 2.42% of the price, Redfin reports. After you enter a rate, the calculator includes commission, so you can add yours and see the full amount.

The median annual property tax bill for owner-occupied Connecticut homes is $6,643, about 1.81% of median home value, according to US Census data. This bill is separate from closing costs, so include it in your moving-in budget as well.