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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.