Closing Costs in Michigan
Michigan charges a State Transfer Tax at a rate of $7.50 per $1,000. Use the calculator below to estimate your total closing costs.
Transfer Tax
$7.50 per $1,000
Tax Name
State Transfer Tax
Paid By
seller
On $400K Home
$3,000
Counties add $1.10 per $1,000
Calculate Your Closing Costs in Michigan
The calculator below has Michigan pre-selected so the transfer tax is automatically included in your estimate.
Closing Costs Calculator
Estimate the fees and costs you'll pay at closing, whether you're buying or selling.
Data last updated: January 2026
Property Details
Michigan State Transfer Tax: $7.50 per $1,000 (paid by seller). Counties add $1.10 per $1,000
Used to calculate prepaid interest
Estimated Closing Costs
Total Closing Costs
$10,389
2.6% of home price
Cash Needed at Closing
$90,389
Down payment + closing costs
Cash Needed Summary
About These Estimates
Closing costs typically range from 2-5% for buyers and 6-10% for sellers. Your actual costs will depend on your lender, title company, and negotiated terms. Always request a Loan Estimate (buyers) or settlement statement (sellers) for accurate figures.
Estimated closing costs: $10,389
Many lenders offer credits that can significantly reduce these costs. See what's available to you.
Disclaimer: These are estimates only. Actual closing costs vary significantly based on lender, title company, and specific transaction details. Get a Loan Estimate from your lender for accurate figures.
Frequently Asked Questions
How much are closing costs?
Closing costs typically range from 2-5% of the purchase price for buyers and 6-10% for sellers (including agent commissions). On a $400,000 home, buyers might pay $8,000-$20,000, while sellers could pay $24,000-$40,000.
Who pays closing costs, buyer or seller?
Both parties pay closing costs. Buyers pay lender fees, title insurance, appraisal, prepaid taxes/insurance, and recording fees. Sellers pay agent commissions, transfer taxes, and their portion of title fees. Some costs are negotiable.
What is included in closing costs?
Buyer closing costs include loan origination fees, appraisal, credit report, title insurance, escrow fees, prepaid interest, property taxes, and homeowners insurance. Seller costs include agent commissions, transfer taxes, and title fees.
Can closing costs be rolled into the loan?
Some closing costs can be financed. FHA loans allow the upfront MIP to be added to the loan. Some lenders offer "no-closing-cost" loans with higher interest rates. Seller credits can also help cover buyer closing costs.
Related Calculators
How Michigan Compares
Michigan ranks #9 out of 51 states by transfer tax rate
| State | Tax Name | Rate | On $400K | Paid By |
|---|---|---|---|---|
| Michigan | State Transfer Tax | $7.50 per $1,000 | $3,000 | seller |
| Delaware | Realty Transfer Tax | 4% | $16,000 | split |
| District of Columbia | Deed Transfer Tax | 2.25% | $9,000 | split |
| New Hampshire | Real Estate Transfer Tax | $7.50 per $500 | $6,000 | split |
| Washington | Real Estate Excise Tax | 1.28% | $5,120 | seller |
| Vermont | Property Transfer Tax | 1.25% | $5,000 | seller |
Understanding Closing Costs in Michigan
Closing costs in Michigan typically range from 2-5% of the home price for buyers and 6-10% for sellers (including agent commissions). One key component that varies by state is the real estate transfer tax.
Michigan's State Transfer Tax
Michigan charges a State Transfer Tax at a rate of $7.50 per $1,000. This tax is typically paid by the seller. Counties add $1.10 per $1,000
On a $400,000 home, the state transfer tax would be approximately $3,000.
Other Closing Costs to Expect
Beyond transfer taxes, typical closing costs in Michigan include loan origination fees, appraisal fees, title insurance, escrow fees, recording fees, and prepaid items like property taxes and homeowner's insurance.
Other States
Comparing costs across states? Return to the Closing Costs Calculator to explore transfer taxes and closing costs in any state.