Mississippi seller net sheet calculator
What a Mississippi seller walks away with after commission, payoffs, title, and closing fees. Rates and closing customs below are verified for Mississippi; the calculator applies them for you, down to the county.
- State transfer tax
- None
- Owner's title policy
- Buyer pays
- Seller costs on $400,000
- About $20,665
Mississippi transfer tax
Mississippi has no real estate transfer tax on deeds, so there is no transfer tax line on a Mississippi seller net sheet.
Mississippi has no real estate transfer tax on deeds, so there is no transfer tax line on a Mississippi seller net sheet.
Example Mississippi seller net sheet
A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $20,665, or 5.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $400,000 |
| First mortgage payoff | −$250,000 |
| Real estate commission (5%) | −$20,000 |
| Settlement / closing fee | −$300 |
| Seller's attorney fee | −$300 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$40 |
| Estimated net before property tax prorations | $129,335 |
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 Mississippi
Commonly buyer; 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.
No real estate transfer tax in Mississippi. Attorney closings.
Property tax prorations
Property taxes are paid in arrears. The typical effective rate is about 0.8% of value per year. Bills issued Dec for the calendar year, due Feb 1; seller credits 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].
Mississippi net sheet questions
Does Mississippi have a real estate transfer tax?
Mississippi has no real estate transfer tax on deeds, so there is no transfer tax line on a Mississippi seller net sheet.
How much are seller closing costs in Mississippi?
On a $400,000 sale with a 5% commission, estimated seller costs in Mississippi come to about $20,665 (5.2% of the price), including $20,000 of commission. Without commission, closing costs are about $665. Local taxes, the payoff, and property tax prorations change the final number.
Who pays for title insurance in Mississippi?
Commonly buyer; negotiable.
Who handles the closing in Mississippi?
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 Mississippi?
Property taxes are paid in arrears. The typical effective rate is about 0.8% of value per year. Bills issued Dec for the calendar year, due Feb 1; seller credits buyer.
Net sheets in other states
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Build a Mississippi net sheet in minutes.
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