Closing Costs
When you buy property, closing costs are extras NOT included in the price. They typically run 5–8% of the property value.
Inputs
ISAI/ISABI ranges from 1.8% (Morelos) to 4.5% (CDMX).
Adds opening fee, insurance and bank appraisal.
Estimated closing costs
Equals 7.6% of property price
- Acquisition tax (ISAI/ISABI)$113,50060%
- Notary fees$17,5009%
- Appraisal$5,0003%
- Public Registry inscription$12,5007%
- Certificates (lien-free)$1,8001%
- Processing & paperwork$8,0004%
- Loan opening fee$20,00011%
- Life + property insurance$10,0005%
- Credit review$1,5001%
Total$189,800
- Acquisition tax (ISAI/ISABI)$113,500
- Notary fees$17,500
- Appraisal$5,000
- Public Registry inscription$12,500
- Certificates (lien-free)$1,800
- Processing & paperwork$8,000
- Loan opening fee$20,000
- Life + property insurance$10,000
- Credit review$1,500
- Total closing costs$189,800
Closing costs are paid ONCE at closing and CANNOT be financed by the mortgage — you need them in cash on top of the down payment. Add them to your savings target from day one.