Ohio Seller Closing Cost Calculator

Closing Cost Calculator for Ohio: Seller Averages

This free and easy-to-use calculator can help home sellers in Ohio estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Buckeye State, enter the information for each of the input fields above. You can view typical or state averages for most Ohio seller closing costs below, and customize them as needed to fit your needs.

Home Selling Price: $241,000

How does your home compare to the state’s median selling price of $241,000? 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 Ohio agent
3. Purchase a pre-listing home appraisal (typically $625 in Ohio)
4. Visit this HomeLight map link to compare recently sold homes in Ohio

Mortgage Payoff Amount: $149,427

According to Experian’s credit experts, the average mortgage balance for Ohio homeowners is $149,427. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $6,025–$7,230

A typical listing agent commission in Ohio is 2.5% to 3% of the home’s selling price. On a $241,000 house, your agent’s fee might range from $6,025–$7,230.

Buyer’s Agent Fee: $6,025–$7,230

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 willing to pay this fee as a means to entice buyers, on a $241,000 median-priced Ohio home, you can expect to pay $6,025–$7,230.

Detailed Closing Costs: $4,820

Closing costs in Ohio average about 2.0% of the home’s sale price. On a median-priced home of $241,000, you might pay $4,820. Below are some of the typical types of closing costs you can expect:

• Home Preparations: Focus on curb appeal, like house cleaning, landscaping, or staging the property.
• Renovations/Repairs: Fixing or updating your property to better align with prospective buyers and market demands.
• Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property.
• Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes. In Ohio, this cost is split between the buyer and the seller.
• Transfer Taxes: Ohio home sellers pay a transfer tax rate of $1 for every $1,000 of the property’s value. It is referred to as a “mill levy” in Ohio. (See more below.)
• Recording Fees: Fees paid to the local government to document when property ownership changes.
• Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering 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 Ohio.)
• Moving Expenses: Though this is not a closing cost, you should factor this into your budget. In Ohio, it can range between $883 to $7,000.

Ohio’s conveyance fee is divided into state and county levies. Statewide, the fee is calculated using a “mill levy” at a rate of one mill per $1,000 of the value of property sold or transferred, which applies in all 88 of Ohio’s counties. One mill is equal to $1.00.

Depending on the Ohio county where the property is sold, there may also be an additional mill levy of one to three mills per $1,000 of the property’s value.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Ohio 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 a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Ohio home to get started. Along with your offer, you’ll also see an estimate of what a top Ohio agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

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