Closing Cost Calculator for Michigan: Seller Averages
This free calculator can help home sellers in Michigan estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Wolverine State, enter the information for each of the input fields above. You can see typical or state averages for most Michigan seller closing costs below.
Home Selling Price: $249,000
How does your home compare to the state’s median selling price of $249,000? To determine your listing price, you can:
- Get a preliminary estimate with HomeLight’s free Home Value Estimator
- Request a Comparative Market Analysis (CMA) from a top Michigan agent
- Purchase a pre-listing home appraisal (typically $625 in Michigan)
- Visit this HomeLight map link to compare recently sold homes in Michigan
Mortgage Payoff Amount: $160,335
According to the credit experts at Experian, the average mortgage balance for Michigan homeowners is $160,335. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.
Listing Agent Fee: $6,225–$7,470
A typical listing agent commission in Michigan is 2.5% to 3% of the home’s selling price. On a $249,000 house, your agent’s fee might range from $6,225–$7,470.
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