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New Mexico seller net sheet and closing costs

A New Mexico seller pays about $14,146 to close on a $245,000 home. That is 5.8% of the price, with a 5% commission. Without the commission, costs are about $1,896. $245,000 is close to the typical home value in New Mexico.

See what a New Mexico seller keeps after commission, loan payoffs, title and closing fees. We checked New Mexico 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 New Mexico seller net sheet calculator Plans and pricing

Free New Mexico seller net sheet calculator

Change any number and the local costs update.

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Real estate commission (5%)−$12,250
First mortgage payoff−$145,000
Release / satisfaction recording−$30
Title insurance and settlement−$1,816
Other closing fees−$50
Estimated net to seller$85,854

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
None
Owner's title policy
Seller pays
Seller costs on $245,000
About $14,146

How much does it cost to sell a house in New Mexico?

A New Mexico seller pays about $14,146 to close on a $245,000 sale. That is 5.8% of the price. It counts a 5% commission. The table also takes out a $145,000 mortgage payoff, which leaves about $85,854. The calculator above shows the same sale.

LineSeller
Sale price$245,000
First mortgage payoff−$145,000
Real estate commission (5%)−$12,250
Owner's title insurance policy−$1,316
Escrow fee−$500
Release / satisfaction recording−$30
Wire / courier / payoff processing−$50
Estimated net before the property tax split$85,854
 Title and settlement fees are typical estimates, not quotes.

Run it with your own numbers. Pick the county for its own customs. Enter the closing date to split property taxes.

Does New Mexico have a transfer tax?

No. New Mexico has no transfer tax on home sales. So a New Mexico seller net sheet has no transfer tax line.

Who pays closing costs in New Mexico?

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

The seller usually pays for the owner's title policy in New Mexico. In New Mexico, the state sets title insurance rates. So the owner's policy costs the same at every title company. An escrow company usually handles the closing.

No real estate transfer tax in New Mexico. Escrow/title company closings; escrow fee split.

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 New Mexico?

Each side pays the taxes for the days it owns the home. Property taxes in New Mexico 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 0.7% of the home's value per year. Calendar year; halves due Nov 10 and Apr 10.

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].

New Mexico net sheet questions

Does New Mexico have a real estate transfer tax?

No. New Mexico has no transfer tax on home sales. So a New Mexico seller net sheet has no transfer tax line.

How much are seller closing costs in New Mexico?

About $14,146 on a $245,000 sale with a 5% commission. That is 5.8% of the price. The commission is $12,250 of it. Without the commission, closing costs are about $1,896. Local taxes and the property tax split change the final number.

Who pays for title insurance in New Mexico?

The seller usually pays for the owner's title policy in New Mexico. The buyer pays for the lender's policy.

Who handles the closing in New Mexico?

An escrow company usually handles the closing.

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

Each side pays the taxes for the days it owns the home. Property taxes in New Mexico 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 0.7% of the home's value per year. Calendar year; halves due Nov 10 and Apr 10.

New Mexico net sheets by county

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

New Mexico net sheets by city

Here are all 23 New Mexico cities with a page. Each county page lists its own cities.

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Net sheets in other states

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