Kansas seller net sheet and closing costs

In Kansas, the seller usually pays the agent commission, their own loan payoff and half of the owner's title policy. The buyer usually pays the lender fees, the lender's title policy and half of the owner's title policy. Buyer and seller usually split the settlement or escrow fee.

Buyer and seller usually split the owner's title policy in Kansas. Owner's policy commonly split 50/50 in Kansas. In Kansas, 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 handles the closing.

No transfer tax; the mortgage registration tax was fully phased out in 2019.

NetSheet.org is not tied to any title company. The net sheet works with any title or escrow company. See how it compares with title company net sheet tools.

Each side pays the taxes for the days it owns the home. Property taxes in Kansas are paid in arrears, after the period they cover. So the seller usually credits the buyer for unpaid days up to closing. Taxes run about 1.3% of the home's value per year. Calendar year; halves due Dec 20 and May 10; seller credits buyer for unpaid days.