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Michigan Home Sale Proceeds Calculator

Figure out what you'll actually walk away with when selling your Michigan home — after agent commission, the Michigan transfer tax, the owner's title policy, and your mortgage payoff.

Agent commission– $19,250
MI transfer tax (0.86%)– $3,010
Owner's title policy– $1,925
Other costs– $1,500
Mortgage payoff– $180,000
Estimated net proceeds
$144,315
41% of sale price
Total selling costs$25,685
Costs as % of price7.3%
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What comes out of your sale price

In Michigan a seller typically pays the agent commission (often 5–6%), the state and county real estate transfer tax (0.86% combined), the owner's title insurance policy, and any agreed repairs or buyer concessions — plus paying off the remaining mortgage balance.

The Michigan transfer tax

Michigan's transfer tax is $4.30 per $500 of sale price ($3.75 state + $0.55 county), which works out to 0.86%. On a $350,000 sale that's about $3,010, paid by the seller at closing.

Related Michigan tools

Transfer Tax
State + county transfer tax owed on a Michigan sale.
Mortgage Calculator
Monthly payment with Michigan property taxes baked in by county.
Home Affordability
How much house your income actually supports in Michigan.

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.