According to data from ClosingCorp, the average closing cost in Michigan is $4,210.71 after taxes, or approximately 2.11% to 4.21% of the final home sale price.
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $2,105.36 and $8,421.42 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $100,000 to $200,000 |
| Average total closing cost | $4,210.71 |
| Expected closing cost range | $2,105.36 to $8,421.42 |
| Percentage of closing cost to home sale price | 2.11% to 4.21% |
Buyers and sellers in Michigan pay an average of $1,365.98 in tax combined for the closing. This accounts for 32.44% of the total average closing cost in Michigan.
| Value | |
|---|---|
| Average tax paid | $1,365.98 |
| Percentage of total closing cost | 32.44% |
Find the best mortgage lender for you
Compare mortgage lenders to get the best rate and terms for your needs.
The closing costs for buying a home in Michigan are below the national average after accounting for taxes. It’s 17 in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Michigan | Ranking* | |
|---|---|---|
| Before taxes | $2,844.73 | 30 |
| After taxes | $4,210.71 | 17 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Michigan.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
See how much you could expect to pay in closing costs in Texas.
See how much you could expect to pay in closing costs in North Carolina.
See how much you could expect to pay in closing costs in Indiana.
See how much you could expect to pay in closing costs in Georgia.
Find out why Wyoming is one of the most tax-friendly states for homebuyers.
Find out how wide you’ll need to open your wallet when buying property in the Pine Tree State.
Budget for these expenses on top of your purchase price. California’s are among the highest in the country.
Closing costs are unavoidable, but South Carolina’s are among the lowest in the country.
The fees you’ll face when closing on a property in the Sunshine State.
In New York, everything is expensive — and real estate is no exception.