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Michigan Closing Cost Calculator

Estimate what you'll owe at closing as a Michigan homebuyer — lender fees, title insurance, appraisal, inspection, recording, and prepaids, itemized.

Estimated buyer charges

Loan origination (~0.5%)$1,300
Lender's title insurance$1,040
Appraisal$550
Home inspection$425
Recording fees$90
Prepaid insurance & escrow$1,400
Misc (credit, flood, wire)$350
Estimated closing costs
$5,155
1.6% of purchase price

In Michigan, the owner's title policy and the state/county transfer tax are customarily paid by the seller, so they are excluded from this buyer estimate. Buyers typically see total closing costs of 2–5% of the purchase price.

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Who pays what in Michigan

Michigan has a customary split: the seller typically pays the state and county transfer tax and the owner's title insurance policy, while the buyer covers lender fees, the lender's title policy, appraisal, inspection, and prepaid escrow items. This estimator focuses on the buyer side.

Typical range

Buyer closing costs in Michigan generally run 2–5% of the purchase price. Costs that scale with the loan (origination, lender's title) shrink as your down payment grows.

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Disclaimer: Michigan Home Calcs provides estimates for planning only. Property tax rates, insurance, and fees vary by city, lender, and property. This is not financial, tax, or legal advice.