How much are closing costs in Rhode Island?
A buyer in Rhode Island pays about $7,914 in closing costs on a $375,000 home. That is 2.1% of the price, plus about $4,719 of prepaids. A seller pays about $3,857 (1%) before commission, or $22,607 with a 5% commission.
Below is each buyer and seller cost in Rhode Island, line by line, and who pays it by custom. Rates checked 2026-09-29.
Free Rhode Island seller net sheet calculator
Change any number and the local costs update.
| Real estate commission (5%) | −$18,750 |
| First mortgage payoff | −$225,000 |
| Real estate conveyance tax | −$2,813 |
| Release / satisfaction recording | −$49 |
| Title insurance and settlement | −$950 |
| Other closing fees | −$45 |
| Estimated net to seller | $127,394 |
Who pays closing costs in Rhode Island?
Each side pays its own costs. Buyer pays the owner's policy. In Rhode Island, 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. An attorney usually runs the closing. By custom, one is required. The table shows a $375,000 sale at statewide rates. The contract can change who pays.
| Cost | Paid by | Seller | Buyer |
|---|---|---|---|
| Real estate conveyance tax | Seller | $2,813 | – |
| Owner's title insurance policy | Buyer | – | $1,456 |
| Lender's title insurance policy | Buyer | – | $200 |
| Lender-required endorsements | Buyer | – | $150 |
| Settlement / closing fee | Each side | $250 | $250 |
| Seller's attorney fee | Seller | $700 | – |
| Buyer's attorney fee | Buyer | – | $1,000 |
| Deed recording fee | Buyer | – | $84 |
| Release / satisfaction recording | Seller | $49 | – |
| Mortgage recording fee | Buyer | – | $64 |
| Wire / courier / payoff processing | Seller | $45 | – |
| Loan origination (1%) | Buyer | – | $3,000 |
| 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 Rhode Island?
A Rhode Island buyer pays about $7,914 in closing costs on a $375,000 home with 20% down. That covers lender fees, the lender's title policy and recording. Prepaid interest, insurance and escrow add about $4,719. The seller's property tax credit takes off $14. With the $75,000 down payment, cash to close is about $87,619. That is for a July 1 closing, the same as the calculator.
How much are seller closing costs in Rhode Island?
A Rhode Island seller pays about $3,857 before commission on a $375,000 sale. The costs are: real estate conveyance tax, settlement / closing fee, seller's attorney fee, release / satisfaction recording, wire / courier / payoff processing. With a 5% commission, the total is about $22,607. The loan payoff and the property tax proration also come out of the proceeds.
How do Rhode Island closing costs change with price?
They go up with the price. On a $1,000,000 home, a buyer pays about $14,758. A seller pays about $9,864 before commission.
| Sale price | Buyer closing costs | Seller costs before commission | Transfer tax |
|---|---|---|---|
| $250,000 | $6,446 | $2,919 | $1,875 |
| $375,000 typical home | $7,914 | $3,857 | $2,813 |
| $500,000 | $9,383 | $4,794 | $3,750 |
| $1,000,000 | $14,758 | $9,864 | $8,820 |
Do closing costs in Rhode Island change by county?
No. Closing costs are the same in all 5 Rhode Island counties on a $375,000 sale. The buyer pays $7,914 and the seller $3,857 before commission. No county or city adds its own transfer tax or changes who pays for title.
Are closing costs high in Rhode Island?
About average. Rhode Island is in the middle. It ranks 34 of 51 for buyer plus seller closing costs as a share of the price, where 1 is the lowest. They come to 3.1% of the typical home value. See closing costs in every state.
Rhode Island closing cost questions
How much are closing costs in Rhode Island?
A buyer in Rhode Island pays about $7,914 in closing costs on a $375,000 home. That is 2.1% of the price, plus about $4,719 of prepaids. A seller pays about $3,857 (1%) before commission, or $22,607 with a 5% commission. Taxes, title and lender fees change with the price and the county.
Who pays closing costs in Rhode Island?
Each side pays its own. Buyer pays the owner's policy. The buyer pays the lender's fees, the lender's title policy and most recording fees. Transfer tax: Real estate conveyance tax, paid by the seller; Real estate conveyance tax (residential portion above threshold), paid by the seller. The contract can change any of this.
How much are closing costs for a buyer in Rhode Island?
About $7,914 on a $375,000 home with 20% down. That is 2.1% of the price. Prepaid interest, insurance and escrow add about $4,719. The seller's property tax credit takes off $14. With the $75,000 down payment, cash to close is about $87,619.
How much are seller closing costs in Rhode Island?
About $3,857 on a $375,000 sale before commission (1%). With a 5% commission, the total is about $22,607. The loan payoff and the property tax proration also come out of the seller's proceeds.
Does Rhode Island have a transfer tax?
Yes. On a $375,000 home, the transfer tax is about $2,813 at statewide rates. Some counties and cities differ. The Rhode Island transfer tax calculator lists every rate.
Is there a free closing cost calculator for Rhode Island?
Yes. The calculator on this page uses Rhode Island 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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