Michigan seller net sheet calculator

Your net is the sale price, less commission, transfer tax, title costs and your loan payoff, with property taxes split at closing. Enter your numbers to see it line by line. It costs nothing, and we don't ask for your email.

Sale price

What you owe

Mortgage payoff

Ask your lender for a payoff statement for the closing date. It stays out of any link you copy.

Other payoffs and liens

A home equity line, a second mortgage, unpaid water bills or association dues.

Commission and fees

Listing agent

Buyer's agent

Examples only. Commission is negotiable and set in your agreements; these are not a standard rate or Raven's rate.

Brokerage transaction fee

Raven's is $395 on each listing side. Other brokerages set their own.

Credits to the buyer

Repairs or closing cost help you agree to.

Title

Title closing fee

An example. Title companies set their own fee, and your agreement decides how it is split.

You pay for the owner's title policy. Either side can buy it; your purchase agreement says who pays.

A title company's figure

Optional. Without one we use the filed rate: $1,955 on this price.

Transfer tax

The state tax exemption applies. It can apply to a principal residence whose state equalized value has not risen since you bought it (MCL 207.526(u)). The county tax still applies.

Property taxes

Closing date

Summer bill

Winter bill

Examples: 40 mills on half the price. Use your own bills.

How the bills are split

Your purchase agreement names the method.

Estimated net to you

$327,760

An estimate, not a closing statement.

Closing costs

Listing agent commission (3%): $10,500
Buyer's agent commission (3%): $10,500
Brokerage transaction fee: $395
State transfer tax: $2,625
County transfer tax: $385
Owner's title policy: $1,955
Title closing fee: $550
Total: $26,910

From price to net

Sale price: $350,000
Closing costs: −$26,910
Property tax paid back by the buyer: $4,669.86
Estimated net to you: $327,759.86

Net at nearby prices
If it sells for	You net about
$340,000	$318,479
$345,000	$323,119
$350,000	$327,760
$355,000	$332,401
$360,000	$337,042

Have an agent check these numbers

Your payoff and liens stay off the link.

How we figure it

Commission: A percentage of the sale price, set in your listing agreement. It is negotiable and not set by law. Offering to pay a buyer's agent is your decision, so enter 0 if you won't. The 3% figures are examples, not a standard rate or Raven's rate.
Transfer tax: $3.75 for the state and $0.55 for the county on each $500 of the price, or part of $500. If the home was your principal residence and its state equalized value has not risen since you bought it, the state tax may not apply.
Title: The owner's policy at the filed rate on the sale price: $450 for the first $20,000, then a rate for each $1,000 that falls as the price rises, rounded up to the next dollar. A title company may quote a different figure. The closing fee is an example.
Payoffs: Your lender's payoff statement shows what you owe on the closing date, and the title company pays it from your proceeds. It can differ from the balance on your monthly statement.
Property tax split: We count the closing day as the buyer's and split each bill by the day, with summer bills levied July 1 and winter bills December 1. Due date in advance treats a bill as covering the 12 months after it; arrears, the 12 months before it; calendar year, January through December. Your purchase agreement names the method.

A worked example

Illustrative example: a $350,000 sale closing January 15, 2027, with a $200,000 payoff, bills of $3,500 each split due date in advance, and example commission and closing fee.
Sale price	$350,000
Listing agent commission (3%)	−$10,500
Buyer's agent commission (3%)	−$10,500
Brokerage transaction fee	−$395
State transfer tax	−$2,625
County transfer tax	−$385
Owner's title policy	−$1,955
Title closing fee	−$550
Mortgage payoff	−$200,000
Property tax paid back by the buyer	$4,669.86
Estimated net to you	$127,759.86

Questions

What is a seller's net sheet?

An estimate of what you would take home from a sale, after every cost and payoff. Agents use one to compare offers, and your title company prepares the final figures on the closing statement.

How much does it cost to sell a house in Michigan?

There is no single figure, because commission is negotiable and title fees vary. On a $350,000 sale with 3% to each agent as an example, our calculator comes to $26,910, or 7.7% of the price, before any loan payoff.

Who pays the transfer tax in Michigan?

The seller. MCL 207.523 makes the seller liable for the state tax, and the county tax follows the same practice. Together they are $8.60 per $1,000 of the sale price.

Do I get property taxes back when I sell?

Often, yes. Michigan bills in July and December, and your purchase agreement decides how the bills around your closing are split. Under due date in advance, the buyer pays you back for the time after closing that your paid bills already cover. Under arrears, you usually owe the buyer instead.

Is the net sheet the same as the closing statement?

No. This is an estimate you can run before you list. The closing statement comes from the title company near the closing date, with the actual payoff, tax and fee figures.

Sources

Stewart Title, Michigan residential rate manual, effective February 17, 2025
First American Title, Michigan basic rate sheet, effective November 16, 2024
Michigan Realtors, tax proration methods, August 2025
MCL 207.526, state transfer tax exemptions
MCL 600.2567, recording fees

Checked October 31, 2026.

Keep going

Have an agent check these numbers

A Raven agent will go over your figures against your home and your market, and tell you which lines to firm up. Your numbers come with this form.

Estimate only, not a closing statement, a quote or an offer. Rates and fees change, and your title company produces the final figures. General information, not legal or tax advice.