Southeastern Connecticut Planning Region, Connecticut Closing Costs
On the $293,900 median Southeastern Connecticut Planning Region home, the county-specific closing items come to about $5,730: transfer tax $4,409, title insurance $1,101, recording fees $220. Lender fees, appraisal and prepaids are added by the loan, not the county.
County-specific closing costs by purchase price
| Purchase price | Transfer tax | Title insurance (both policies) | Recording fees | Total |
|---|---|---|---|---|
| $150,000 | $2,250 | $608 | $220 | $3,078 |
| $200,000 | $3,000 | $795 | $220 | $4,015 |
| $250,000 | $3,750 | $958 | $220 | $4,928 |
| $300,000 | $4,500 | $1,120 | $220 | $5,840 |
| $350,000 | $5,250 | $1,283 | $220 | $6,753 |
| $400,000 | $6,000 | $1,445 | $220 | $7,665 |
| $450,000 | $6,750 | $1,608 | $220 | $8,578 |
| $500,000 | $7,500 | $1,770 | $220 | $9,490 |
| $600,000 | $9,000 | $2,045 | $220 | $11,265 |
| $700,000 | $10,500 | $2,320 | $220 | $13,040 |
| $800,000 | $12,000 | $2,595 | $220 | $14,815 |
| $1,000,000 | $16,000 | $3,145 | $220 | $19,365 |
Frequently asked questions
How much are closing costs in Southeastern Connecticut Planning Region?
On the $293,900 median home, the county-specific items come to about $5,730: transfer tax $4,409 including New London / Norwich / Sprague municipal conveyance tax (distressed-municipality/targeted investment community rate) and Standard municipal conveyance tax (most other towns in the region), title insurance $1,101 for the owner's policy and $0 for the lender's, and about $220 to record the deed and mortgage. Lender fees, an appraisal, prepaid taxes and insurance come on top and depend on the loan.
Who pays these in Southeastern Connecticut Planning Region?
The seller customarily pays the Connecticut transfer tax. Who pays the owner's title policy is customarily the buyer; the buyer pays the lender's policy and the mortgage recording fee.
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- Conn. Gen. Stat. Sec. 12-494(a)(1) and (b)(2), for residential real estate
- Conn. Gen. Stat. Sec. 12-494(c); New London, Norwich and Sprague are all state-designated distressed municipalities within this region
- Connecticut DRS, Real Estate Conveyance Taxes
- CATIC Connecticut Standard ALTA Premium Rate Schedule (Rev. 01-16, effective January 1, 2016), page 10, Computation of Premiums for Standard CATIC Policies
- No county-level recorder, Connecticut abolished county government in 1960; land records are recorded with each individual Town Clerk (New London, Norwich, Groton, Montville, Ledyard, Stonington, East Lyme, Colchester, Griswold, North Stonington, Preston, Bozrah, Franklin, Lebanon, Lisbon, Salem, Sprague) fee schedule
Figures are computed from the documents above and rounded to the dollar. All sources.
All Connecticut buyer closing costs → Southeastern Connecticut Planning Region home buyer guide →
Figures are computed from the documents above and rounded to the dollar. General information, not financial advice.
Southeastern Connecticut Planning Region overview