Closing Cost Calculator for Missouri: Seller Averages
This free calculator can help home sellers in Missouri estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Show Me State, enter the information for each of the input fields above. You can see typical or state averages for most Missouri seller closing costs below.
Home Selling Price: $255,400
How does your home compare to the state’s median selling price of $255,400? 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 Missouri agent
- Purchase a pre-listing home appraisal (typically $575 in Missouri)
- Visit this HomeLight map link to compare recently sold homes in Missouri
Mortgage Payoff Amount: $170,203
According to Experian, the average mortgage balance for Missouri homeowners is $170,203. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage provider.
Listing Agent Fee: $6,385–$7,662
A typical listing agent commission in Missouri is 2.5% to 3% of the home’s selling price. On a $255,400 house, your agent’s fee might range from $6,385–$7,662.
Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your Missouri market.
Buyer’s Agent Fee: $6,385–$7,662
In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $255,400 median-priced Missouri home, you can expect to pay $6,385–$7,662.
Detailed Closing Costs: $2,043
Closing costs in Missouri average about 0.8% of the home’s sale price. On a median-priced home of $255,400, you might pay $2,043. Below are some of the typical types of closing costs you can expect:
- Home Preparations: To make your Missouri home stand out, these preparations can include curb appeal efforts such as cleaning, landscaping, and staging.
- Renovations/Repairs: Fixing or updating your Missouri property to meet buyer expectations or inspection requests.
- Title Service Fees: Title company work is required to verify legal ownership and help manage the transfer of your Missouri property.
- Owner’s Title Insurance: This is a one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes.
- Transfer Taxes: Missouri does not levy a state transfer tax on home sales, but some local municipalities might impose a fee.
- Recording Fees: Fees paid to the local government to officially record the change in homeownership.
- Buyer Incentives: Credits or seller concessions you can offer buyers, such as paying the buyer’s agent fees or paying for a rate buydown.
- Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Missouri.)
- Moving Expenses: While not technically considered a traditional closing cost, you might want to include this expense in your budget, which can range from $883 to $7,000.
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