Enter the conveyance rate (%) and the total purchase amount ($) into the Calculator. The calculator will evaluate the Conveyance Cost. 

Conveyance Cost Formula

CONV = CR/100 * TA

Variables:

  • CONV is the Conveyance Cost ($)
  • CR is the conveyance rate (%)
  • TA is the total purchase amount ($)

To calculate the Conveyance Cost, divide the conveyance percent rate by 100, then multiply by the purchase amount.

How to Calculate Conveyance Cost?

The following steps outline how to calculate the Conveyance Cost.

  1. First, determine the conveyance rate (%). 
  2. Next, determine the total purchase amount ($). 
  3. Next, gather the formula from above = CONV = CR/100 * TA.
  4. Finally, calculate the Conveyance Cost.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

conveyance rate (%) = 0.5

total purchase amount ($) = 200000

FAQs

What is a conveyance rate?

A conveyance rate is a percentage that represents the cost of transferring ownership of an item or property from the seller to the buyer. It is often used in real estate transactions.

How does the conveyance cost affect the overall cost of a purchase?

The conveyance cost adds to the overall cost of a purchase by requiring the buyer to pay an additional fee based on the purchase amount. This fee covers the legal and administrative costs associated with transferring ownership.

Can the conveyance rate vary between different transactions?

Yes, the conveyance rate can vary depending on the type of transaction, the location of the property, and the specific terms agreed upon by the buyer and seller. Different jurisdictions may have standard rates or allow for negotiation.

Is it possible to negotiate the conveyance cost?

In some cases, it may be possible to negotiate the conveyance cost, especially in private transactions or in markets where the buyer has significant leverage. However, in many cases, the conveyance rate is fixed by law or standard practice in the area.