Michigan seller closing costs & net proceeds calculator



Adding machine calculatorEasily calculate the Michigan home seller closing costs and seller "net" proceeds with this calculator. Simply enter the property sale (or list) price in the designated box. You can adjust the various closing costs if needed. The seller calculator will estimate the Michigan state and county transfer tax. The transfer tax is typically paid by the seller. The calculator also estimates the "owner's" title insurance policy. The owner's policy is usually paid by the home seller. The real estate tax proration component will estimate whether the seller will owe the buyer unpaid real estate taxes at settlement or receive a reimbursement for summer and winter taxes. Please send me an E-mail if you see an error or want to make a comment. Last updated 6/2018.

SELLER NET | TAX PRORATION | PRINT SCREEN |

    NET TO SELLER
           
  1. What is the selling or listing price?
   
    ESTIMATED CLOSING EXPENSES
  2. Broker Services
  3. Deed Preparation
  4. Home Warranty
  5.  
  6. Mortgage Payoff (from below)
  7. Over night mailing fee
  8. Pest Inspection
  9. Realtor Commission - Flat dollar amount*    
  10. Realtor Commission Percentage  
  11. Recording and Discharge Fees
  12. Seller Cost Contribution  
  13. Seller Cost Contribution - Flat dollar amount*  
  14. Settlement Fee
  15. Tax Proration  
  16. Title Insurance (Owners Policy)  
  17. Transfer Tax - County  
  18. Transfer Tax - State  
  19. Water Hold
  20.    
  21.    
    TOTAL
   
  Realtor Commission - Flat dollar amount* - If the commission is a flat dollar amount (i.e. $6,000), enter that amount on line 9. The cost will over ride the percentage calculation.
       
  Seller Cost Contribution* - If the seller is paying a flat dollar amount toward the seller assist, enter the cost on line 13. The cost will over ride the percentage calculation. Make sure you are within the maximum allowable cost for a seller assist.
   
    ENTER MORTGAGE PAYOFF HERE
  25. 1st MORTGAGE
  26. 2nd MORTGAGE
  27. Other Lien(s)
    TOTAL