Closing costs in Michigan

According to data from ClosingCorp, the average closing cost in Michigan is $4,014 after taxes, or approximately 2.01% to 4.01% of the final home sale price.

Closing cost stats in Michigan

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 $2,007 and $8,028 in closing costs after taxes.

Data	Value
Average home sale price	$100,000 to $200,000
Average total closing cost	$4,014
Expected closing cost range	$2,007 to $8,028
Percentage of closing cost to home sale price	2.01% to 4.01%

Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.

How much does tax affect the closing cost?

Buyers and sellers in Michigan pay an average of $1,298 in tax combined for the closing. This accounts for 32.34% of the total average closing cost in Michigan.

	Value
Average tax paid	$1,298
Percentage of total closing cost	32.34%

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Michigan homebuyers pay an average of $4,014 in closing costs.

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How do closing costs in Michigan compare nationally?

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	$2,716	30
After taxes	$4,014	17

*Ranked from lowest to highest of the 50 states plus Washington DC

Bottom line

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.

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