Massachusetts Seller Closing Cost Calculator

Closing Cost Calculator for Massachusetts: Seller Averages

This free calculator can help home sellers in Massachusetts estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Bay State, enter the information for each of the input fields above. You can see typical or state averages for most Massachusetts seller closing costs below.

Home Selling Price: $615,000

How does your home compare to the state’s median selling price of $615,000? To determine your listing price, you can:

1. Get a preliminary estimate with HomeLight’s free Home Value Estimator

2. Request a Comparative Market Analysis (CMA) from a top Massachusetts agent

3. Purchase a pre-listing home appraisal (typically $625-750 in Massachusetts)

4. Visit this HomeLight map link to compare recently sold homes in Massachusetts

Mortgage Payoff Amount: $317,406

According to Experian, the average mortgage balance for Massachusetts homeowners is $317,406. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $15,375–$18,450

A typical listing agent commission in Massachusetts is 2.5% to 3% of the home’s selling price. On a $615,000 house, your agent’s fee might range from $15,375–$18,450.

Buyer’s Agent Fee: $15,375–$18,450

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 $615,000 median-priced Massachusetts home, you can expect to pay $15,375–$18,450.

Detailed Closing Costs: $8,118

Closing costs in Massachusetts average about 1.32% of the home’s sale price. On a median-priced home of $615,000, you might pay $8,118. Below are some of the typical types of closing costs you can expect:

• Home Preparations: Curb appeal efforts such as interior house cleaning, yard work, or home staging.
• Renovations/Repairs: Fixing or updating your home and property to meet buyer expectations or potential inspection requests.
• Title Service Fees: Title company work required to verify ownership and manage the legal transfer of the property.
• Owner’s Title Insurance: While typically a seller expense in most states, in Massachusetts, this one-time insurance premium is paid by the buyer to protect against title issues or ownership disputes. However, some Massachusetts sellers offer to pay this closing cost.
• Transfer Taxes: Massachusetts home sellers pay a transfer tax rate of $2.28 for each $500 of the total consideration of the transaction. (See more below.)
• Recording Fees: Fees paid to the local government to officially record the change in property ownership.
• Buyer Incentives: Concessions or financial credits you might offer buyers, such as paying the buyer’s agent fees or providing money for a rate buydown.
• Other Costs: Miscellaneous expenses that may not be covered in other categories, such as attorney fees. (An attorney is required to sell a house in Massachusetts.)
• Moving Expenses: While this is not a traditional closing cost, you might want to include this expense in your selling plans ($883 to $7,000).

In Massachusetts, the seller is responsible for paying state transfer taxes, known as a deeds excise tax. However, these fees can be negotiated during the sale process. Statewide, this tax is levied at a rate of $2.28 for each $500 of the home’s sale price. For example, a property that changes hands for $450,000 would yield a deeds excise tax of $2,804. The exception is Barnstable County, which has a slightly higher rate of $2.85 per $500 of the total transaction.

More Helpful Seller Resources From HomeLight

Here are some additional tools you may find helpful as you plan your Massachusetts home sale:

• Listing Agent Match platform
• Home Value Estimator
• Best Time to Sell Calculator
• Agent Commissions Calculator
• Net Proceeds Calculator

Want to avoid closing costs and sell fast? Get an all-cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, cash offer in 24 hours and close in as few as 7 days. Answer a few questions about your Massachusetts home to get started. Along with your offer, you’ll also see an estimate of what a top Massachusetts agent might be able to get for your home. Get both options with one tool.

As you plan your next home purchase, here are some helpful buyer resources:

• Home Affordability Calculator
• Down Payment Calculator
• Closing Costs Calculator
• Buyer’s Agent Match platform