Alabama seller net sheet calculator
What a Alabama seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for Alabama; the calculator applies them for you, down to the county.
- State transfer tax
- $0.50 per $500 of price above the new mortgage
- Owner's title policy
- Seller pays
- Seller costs on $400,000
- About $22,425
Alabama transfer tax
Alabama charges the deed recording tax of $0.50 per $500 of price above the new mortgage, customarily paid by the seller.
| Tax | Level | Rate | Customarily paid by |
|---|---|---|---|
| Deed recording taxAla. Code 40-22-1: only the value in excess of a mortgage recorded with the deed (on which mortgage tax is paid) is taxable, so a purchase-money loan reduces the base. | State | $0.50 per $500 of price above the new mortgage | Seller |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $50 | $0 | $50 |
| $500,000 | $100 | $0 | $100 |
| $1,000,000 | $200 | $0 | $200 |
Example Alabama seller net sheet
A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $22,425, or 5.6% of the price.
| Line | Seller |
|---|---|
| Sale price | $400,000 |
| First mortgage payoff | −$250,000 |
| Real estate commission (5%) | −$20,000 |
| Deed recording tax | −$80 |
| Owner's title insurance policy | −$1,575 |
| Settlement / closing fee | −$350 |
| Seller's attorney fee | −$350 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $127,575 |
Run it with your own numbers. Choose the county to add local taxes, and enter the closing date to prorate property taxes.
Who pays what in Alabama
Commonly seller in most of Alabama; negotiable. Closings are usually handled by an attorney, and an attorney is customarily required at closing. The settlement or escrow fee is customarily split between buyer and seller.
Attorney closings. Deed tax customarily seller; mortgage tax buyer.
Property tax prorations
Property taxes are paid in arrears on a tax year starting in October. The typical effective rate is about 0.4% of value per year. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
Mortgage taxes
Alabama also taxes the buyer's new mortgage. These are on the buyer's side of the closing, not the seller's net sheet.
| Tax | Level | Rate | Customarily paid by |
|---|---|---|---|
| Mortgage recording tax | State | $0.15 per $100 | Buyer |
Sources
Verified 2026-09-29. A net sheet is an estimate, not a closing statement or tax advice. Final figures come from the title or escrow company. See a rate that looks wrong? Email [email protected].
Alabama net sheet questions
Does Alabama have a real estate transfer tax?
Alabama charges the deed recording tax of $0.50 per $500 of price above the new mortgage, customarily paid by the seller.
How much is the transfer tax on a $500,000 home in Alabama?
With no county or city chosen, the transfer tax on a $500,000 sale is about $100, customarily paid by the seller.
How much are seller closing costs in Alabama?
On a $400,000 sale with a 5% commission, estimated seller costs in Alabama come to about $22,425 (5.6% of the price), including $20,000 of commission. Without commission, closing costs are about $2,425. Local taxes, the payoff, and property tax prorations change the final number.
Who pays for title insurance in Alabama?
Commonly seller in most of Alabama; negotiable.
Who handles the closing in Alabama?
Closings are usually handled by an attorney, and an attorney is customarily required at closing.
How are property taxes prorated when selling a home in Alabama?
Property taxes are paid in arrears on a tax year starting in October. The typical effective rate is about 0.4% of value per year. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
Net sheets in other states
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