How much are closing costs in Minnesota?
A buyer in Minnesota pays about $6,447 in closing costs on a $345,000 home. That is 1.9% of the price, plus about $4,082 of prepaids. A seller pays about $2,765 (0.8%) before commission, or $20,015 with a 5% commission.
Below is each buyer and seller cost in Minnesota, line by line, and who pays it by custom. Rates checked 2026-09-29.
Free Minnesota seller net sheet calculator
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| Real estate commission (5%) | −$17,250 |
| First mortgage payoff | −$205,000 |
| State deed tax | −$1,139 |
| Release / satisfaction recording | −$46 |
| Title insurance and settlement | −$1,535 |
| Other closing fees | −$45 |
| Estimated net to seller | $119,986 |
Who pays closing costs in Minnesota?
Each side pays its own costs. Seller commonly pays the owner's policy in the Twin Cities; varies elsewhere. In Minnesota, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. A title company usually runs the closing. The table shows a $345,000 sale at statewide rates. The contract can change who pays.
| Cost | Paid by | Seller | Buyer |
|---|---|---|---|
| State deed tax | Seller | $1,139 | – |
| Mortgage registry tax | Buyer | – | $635 |
| Owner's title insurance policy | Seller | $1,135 | – |
| Lender's title insurance policy | Buyer | – | $250 |
| Lender-required endorsements | Buyer | – | $150 |
| Settlement / closing fee | Each side | $400 | $400 |
| Survey | Buyer | – | $450 |
| Deed recording fee | Buyer | – | $46 |
| Release / satisfaction recording | Seller | $46 | – |
| Mortgage recording fee | Buyer | – | $46 |
| Wire / courier / payoff processing | Seller | $45 | – |
| Loan origination (1%) | Buyer | – | $2,760 |
| Appraisal | Buyer | – | $550 |
| Credit report | Buyer | – | $60 |
| Underwriting / processing | Buyer | – | $995 |
| Flood certification | Buyer | – | $25 |
| Tax service fee | Buyer | – | $80 |
How much do buyers pay at closing in Minnesota?
A Minnesota buyer pays about $6,447 in closing costs on a $345,000 home with 20% down. That covers lender fees, the lender's title policy and recording and taxes. Prepaid interest, insurance and escrow add about $4,082. The seller's property tax credit takes off $10. With the $69,000 down payment, cash to close is about $79,519. That is for a July 1 closing, the same as the calculator.
How much are seller closing costs in Minnesota?
A Minnesota seller pays about $2,765 before commission on a $345,000 sale. The costs are: state deed tax, owner's title insurance policy, settlement / closing fee, release / satisfaction recording, wire / courier / payoff processing. With a 5% commission, the total is about $20,015. The loan payoff and the property tax proration also come out of the proceeds.
How do Minnesota closing costs change with price?
They go up with the price. On a $1,000,000 home, a buyer pays about $12,892. A seller pays about $6,516 before commission.
| Sale price | Buyer closing costs | Seller costs before commission | Transfer tax |
|---|---|---|---|
| $250,000 | $5,512 | $2,166 | $825 |
| $345,000 typical home | $6,447 | $2,765 | $1,139 |
| $500,000 | $7,972 | $3,741 | $1,650 |
| $1,000,000 | $12,892 | $6,516 | $3,300 |
Do closing costs in Minnesota change by county?
Yes. On the same $345,000 sale, buyer plus seller costs run from $9,211 to $9,273 across Minnesota's 87 counties. Local taxes and who pays for title make the difference. The 2 listed here differ from the statewide figures above. The other 85 match them.
| County | Transfer tax | Seller costs before commission | Buyer closing costs |
|---|---|---|---|
| Hennepin County | $1,173 | $2,799 | $6,474 |
| Ramsey County | $1,173 | $2,799 | $6,474 |
Are closing costs high in Minnesota?
About average. Minnesota is in the middle. It ranks 22 of 51 for buyer plus seller closing costs as a share of the price, where 1 is the lowest. They come to 2.7% of the typical home value. See closing costs in every state.
Minnesota closing cost questions
How much are closing costs in Minnesota?
A buyer in Minnesota pays about $6,447 in closing costs on a $345,000 home. That is 1.9% of the price, plus about $4,082 of prepaids. A seller pays about $2,765 (0.8%) before commission, or $20,015 with a 5% commission. Taxes, title and lender fees change with the price and the county.
Who pays closing costs in Minnesota?
Each side pays its own. Seller commonly pays the owner's policy in the Twin Cities; varies elsewhere. The buyer pays the lender's fees, the lender's title policy and most recording fees. Transfer tax: State deed tax, paid by the seller. The contract can change any of this.
How much are closing costs for a buyer in Minnesota?
About $6,447 on a $345,000 home with 20% down. That is 1.9% of the price. Prepaid interest, insurance and escrow add about $4,082. The seller's property tax credit takes off $10. With the $69,000 down payment, cash to close is about $79,519.
How much are seller closing costs in Minnesota?
About $2,765 on a $345,000 sale before commission (0.8%). With a 5% commission, the total is about $20,015. The loan payoff and the property tax proration also come out of the seller's proceeds.
Does Minnesota have a transfer tax?
Yes. On a $345,000 home, the transfer tax is about $1,139 at statewide rates. Some counties and cities differ. The Minnesota transfer tax calculator lists every rate.
Is there a free closing cost calculator for Minnesota?
Yes. The calculator on this page uses Minnesota rates and local customs, for a seller or a buyer. The full NetSheet.org calculator adds prorations, credits and a PDF. Both are free.
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