Massachusetts Seller Closing Costs & Net Proceeds Calculator



Adding machine calculatorEasily calculate the Massachusetts home seller closing costs and seller "net" proceeds with the seller net calculator. Simply enter the property sale (or list) price, and choose the location of the home. You can adjust the various closing costs if needed. This seller calculator will estimate the Massachusetts transfer tax, also called excise tax stamps. Please send me an E-mail if you see an error or want to make a comment. Last updated 6/2018.

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  NET TO SELLER
 
1. What is the selling or listing price?
2. Where is the home located?
 
  ESTIMATED CLOSING EXPENSES      
3. Attorney’s Fees ($500 - $1,500)
4. Massachusetts Excise Stamps
5. Massachusetts Land Bank Fee*
6. Fed Ex ($25 - 50 per package)
7. Home Warranty
8. Massachusetts Title V ($600-$1000)
9. Miscellaneous (from below)
10. Mortgage Payoff (from below)
11. Mortgage Discharges ($50 - $100)
12. Realtor Commission Percentage
13. Realtor Commission - Flat dollar amount*
14. Seller Assist Percentage
15. Seller Assist - Flat dollar amount*
16. Smoke/Carbon Monoxide Detectors Inspection ($25 - $100)
17. Wire ($25 - $50)
  TOTAL CLOSING EXPENSES    
 
Realtor Commission - Flat dollar amount* - If the commission is a flat dollar amount (i.e. $6,000), enter that amount on line 13. The cost will over ride the percentage calculation and the split commission calculator is used below. Be sue to tick the box to add to total for this feature to work.
 
Seller Cost Contribution* - If the seller is paying a flat dollar amount toward the seller assist, enter the cost in the adjacent box. The cost will over ride the percentage calculation. Make sure you are within the maximum allowable cost for a seller assist.
 
  MISCELLANEOUS CHARGES  
21.  
22.  
23.  
  TOTAL    
 
  MORTGAGE PAYOFF  
24. 1st MORTGAGE  
25. 2nd MORTGAGE  
26. Other Lien(s)  
  TOTAL    
 
  REAL ESTATE TAX COMMISSION CALCULATOR    
30. Sales Price %  
31. Commission on first dollar amount
32. Commission on remaining amount
  Total Real Estate Commission ADD TO TOTAL
  Be sure to tick the box to add to total
 

How much are the transfer taxes in Massachusetts and who pays it?

Massachusetts charges a real estate transfer tax when property changes hands. The transfer tax is $4.56 per $1,000 of value or 0.456 percent ($100,000 X 0.456 = $456.00). The payment of the transfer tax usually falls on the home seller, however, payment is dictated by the sales contract.

Barnstable County has a slightly higher transfer tax, $6.48 per $1,000.

Home buyers pay a 2% funding fee for homes purchased in Nantucket and Dukes Counties. The fee is paid to the Land Banks of each island. There is a taxable exemption for first time home buyers. The land banks tax is paid by the home buyer.

Seller disclosure obligations in Massachusetts

According to Richard D. Vetstein, Esq, "A private seller has no legal duty in Massachusetts to disclose anything about the property (except for the presence of lead paint). Yes, you read that correctly. He doesn’t have to say boo. Will that assist the buyer in selecting the home for purchase? Maybe not. But if the basement floods, the seller does not have to say anything about it." Read more