Rhode Island Seller Closing Cost Calculator

Published on June 25th, 2025

Closing Cost Calculator for Rhode Island: Seller Averages

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

A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.

Home Selling Price: $480,000

How does your home compare to the state’s median selling price of $480,000? 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 Rhode Island agent

3. Purchase a pre-listing home appraisal (typically $600 in Rhode Island)

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

Mortgage Payoff Amount: $228,978

According to the credit experts at Experian, the average mortgage balance for Rhode Island homeowners is $228,978. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $12,000–$14,400

A typical listing agent commission in Rhode Island is 2.5% to 3% of the home’s selling price. On a $480,000 house, your agent’s fee might range from $12,000–$14,400.

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 Rhode Island market.

Buyer’s Agent Fee: $12,000–$14,400

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 $480,000 median-priced Rhode Island home, you can expect to pay $12,000–$14,400.

Detailed Closing Costs: $9,600

Closing costs in Rhode Island average about 2.0% of the home’s sale price. On a median-priced home of $480,000, you might pay $9,600. Below are some of the typical types of closing costs you can expect:

Home Preparations: Curb appeal efforts such as interior deep cleaning, landscaping, or home staging.
Renovations/Repairs: Fixing or updating your property to meet buyer expectations or inspection requests.
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. Buyers typically pay this in Rhode Island, but sellers can do so as a concession.
Transfer Taxes: Rhode Island home sellers pay a transfer tax rate of $2.30 for every $500 of the property’s value. (See more below.)
Recording Fees: Fees paid to the local government to officially record the change in property ownership.
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 Rhode Island.)
Moving Expenses: While not technically a closing cost, you should include this expense in your budget, which can range from $883 to $7,000.

Rhode Island’s state transfer tax is levied at a rate of $2.30 for each $500 (or fraction thereof) of the property’s value at the time of the sale. This also includes any liens or encumbrances that might be remaining on the property.

Additionally, the tax differs for mobile or manufactured homes, coming in at $1.40 per $500 (or a fraction thereof). However, this does not apply to modular homes or mobile/manufactured homes that are outside of a mobile home park. As of 2022, there is an additional $2.30 per $500 tax on the value home, for properties that exceed $800,000 in value.

Make Buying and Selling Easier: Most Rhode Island sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.

More Helpful Seller Tools From HomeLight

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

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 Rhode Island home to get started. Along with your offer, you’ll also see an estimate of what a top Rhode Island 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:

At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.