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Minnesota seller net sheet and closing costs

A Minnesota seller pays about $20,015 to close on a $345,000 home. That is 5.8% of the price, with a 5% commission. Without the commission, costs are about $2,765, including $1,139 of transfer tax. $345,000 is close to the typical home value in Minnesota.

See what a Minnesota seller keeps after commission, loan payoffs, title and transfer taxes. We checked Minnesota rates and customs on 2026-09-29. The calculator applies them down to the county.

Rates last checked September 2026. Reviewed by Harrison Farrell, founder. How we get these numbers

Free Minnesota seller net sheet calculator Plans and pricing

Free Minnesota seller net sheet calculator

Change any number and the local costs update.

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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

Set for a July 1 closing. The full calculator adds your own date, credits, a PDF and email. Open the full net sheet
State transfer tax
0.33%
Owner's title policy
Seller pays
Seller costs on $345,000
About $20,015

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

A Minnesota seller pays about $20,015 to close on a $345,000 sale. That is 5.8% of the price. It counts a 5% commission. The table also takes out a $205,000 mortgage payoff, which leaves about $119,986. The calculator above shows the same sale.

LineSeller
Sale price$345,000
First mortgage payoff−$205,000
Real estate commission (5%)−$17,250
State deed tax−$1,138.50
Owner's title insurance policy−$1,135
Settlement / closing fee−$400
Release / satisfaction recording−$46
Wire / courier / payoff processing−$45
Estimated net before the property tax split$119,985.50
 Title and settlement fees are typical estimates, not quotes.

Run it with your own numbers. Pick the county to add local taxes. Enter the closing date to split property taxes.

Does Minnesota have a transfer tax?

Yes. Minnesota charges the state deed tax. The rate is 0.33%. The seller usually pays it. 1 county or city transfer tax also applies in parts of the state. The calculator adds it when you pick the county.

TaxLevelRateWho usually pays
State deed taxApplies: except Hennepin, RamseyMinn. Stat. 287.21: 0.33% of net consideration (+0.01% ERF in Hennepin and Ramsey); $1.65 when consideration is $3,000 or less. No rounding.State0.33%Seller
State deed tax + Environmental Response Fund (Hennepin/Ramsey)County0.34% (0.33% + 0.01% ERF)Seller
 Who pays is local custom. The contract can change it. Rates checked 2026-09-29.
Sale priceSeller paysBuyer paysTotal
$250,000$825$0$825
$500,000$1,650$0$1,650
$1,000,000$3,300$0$3,300
 No county or city chosen. Split by local custom. Some counties and cities charge a different or extra rate.

Who pays closing costs in Minnesota?

In Minnesota, the seller usually pays the agent commission, their own loan payoff, the state deed tax and the owner's title policy. The buyer usually pays the lender fees and the lender's title policy. Each side pays its own settlement or escrow fee.

The seller usually pays for the owner's title policy in Minnesota. 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 handles the closing.

Seller pays deed tax and the conservation fee ($5); buyer pays mortgage registry tax.

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.

How are property taxes split at closing in Minnesota?

Each side pays the taxes for the days it owns the home. Property taxes in Minnesota 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 1.1% of the home's value per year. Calendar year; halves due May 15 and Oct 15; seller pays through closing for any unpaid half.

Does Minnesota tax the buyer's mortgage?

Yes. Minnesota also taxes the buyer's new mortgage. These taxes are on the buyer's side of the closing, not the seller's net sheet.

TaxLevelRateWho usually pays
Mortgage registry taxApplies: except Hennepin, RamseyState0.23%Buyer
Mortgage registry tax + ERF (Hennepin/Ramsey)County0.24%Buyer

Sources

Checked 2026-09-29. A net sheet is an estimate. It is not a closing statement or tax advice. The title or escrow company gives the final figures. See a rate that looks wrong? Email [email protected].

Minnesota net sheet questions

Does Minnesota have a real estate transfer tax?

Yes. Minnesota charges the state deed tax. The rate is 0.33%. The seller usually pays it. 1 county or city transfer tax also applies in parts of the state. The calculator adds it when you pick the county.

How much is the transfer tax on a $500,000 home in Minnesota?

About $1,650, with no county or city chosen. The seller usually pays it. Some counties and cities charge a different or extra rate.

How much are seller closing costs in Minnesota?

About $20,015 on a $345,000 sale with a 5% commission. That is 5.8% of the price. The commission is $17,250 of it. Without the commission, closing costs are about $2,765. Local taxes and the property tax split change the final number.

Who pays for title insurance in Minnesota?

The seller usually pays for the owner's title policy in Minnesota. Seller commonly pays the owner's policy in the Twin Cities; varies elsewhere. The buyer pays for the lender's policy.

Who handles the closing in Minnesota?

A title company usually handles the closing.

How are property taxes prorated when you sell a home in Minnesota?

Each side pays the taxes for the days it owns the home. Property taxes in Minnesota 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 1.1% of the home's value per year. Calendar year; halves due May 15 and Oct 15; seller pays through closing for any unpaid half.

Minnesota net sheets by county

Each county page shows local taxes and a net sheet at the county's typical price.

Minnesota net sheets by city

These are the 80 largest of 104 Minnesota cities with a page. Each county page lists its own cities.

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