Minnesota Seller Closing Costs & Net Proceeds Calculator
Estimate exactly what you'll walk away with after selling a home in Minnesota. Defaults below reflect typical Minnesota transfer-tax treatment, title custom, and seller closing costs.
Data last reviewed: August 2026
Estimated net proceeds — Minnesota
$0
Enter a sale price below to estimate your net proceeds in Minnesota.
Net Proceeds Calculator — Minnesota
Defaults reflect typical Minnesota practice. Edit any field to match your transaction.
Figures last updated: August 2026
Sale & loan
Commission
Post-NAR settlement: the buyer-agent share is negotiable. Switch to listing-only if you're not offering buyer-agent compensation.
Title & closing costs
In Minnesota, the buyer customarily pays this. Informational only — the premium amount isn't included in the totals below.
Optional adjustments
Breakdown
| Gross sale price | $0 |
| Agent commission | − $0 |
| Mortgage payoff | − $0 |
| Title / escrow services | − $0 |
| Transfer / excise tax | − $0 |
| Recording fees | − $75 |
| Settlement / escrow fee | − $450 |
| Home warranty | − $0 |
| Repairs / concessions | − $0 |
| Property tax proration | − $0 |
| HOA dues owed | − $0 |
| Total deductions | − $525 |
| Estimated net proceeds | $0 |
State-specific seller details
Transfer tax
Minnesota levies a state deed tax of 0.33% of price (0.0033), customarily paid by the seller; Hennepin and Ramsey counties add a 0.01% Environmental Response Fund tax, for 0.34% in those counties.
Closing structure
Minnesota closings are handled by licensed closing agents or title companies; an attorney is not required, though some sellers use one. The buyer customarily pays for the owner's title insurance policy in many areas.
Disclosure
Sellers must provide a written disclosure of material facts affecting the property to the buyer under Minn. Stat. §513.55 (part of the §513.52 to §513.60 subchapter).
State income tax on the gain
Minnesota taxes the gain as ordinary income on graduated rates up to 9.85%, plus a 1% net investment income tax on net investment income over $1 million; there is no capital-gains exclusion.
Agent commission
Real-estate commission is fully negotiable and typically falls within a customary range. Following the 2024 NAR settlement, buyer-agent compensation is no longer automatically seller-paid and is itself negotiable between the parties.
Last reviewed: August 2026
Source: Minnesota Department of Revenue (Minn. Stat. §287.21) and Minn. Stat. §513.55.
Selling a home in Minnesota: what to expect
Transfer / excise tax
State deed tax of 0.33% of price, customarily paid by the seller; Hennepin and Ramsey counties add a 0.01% Environmental Response Fund tax (0.34% total in those counties).
Title & closing custom
Buyer customarily pays for the owner's title insurance policy in many areas.
Recording fees ~$46 per document.
Typical commission
Around 5.5% of the sale price in Minnesota, combining the listing-side commission and anything the seller agrees to offer the buyer's brokerage. Always negotiable — there is no set rate.
Typical total seller closing costs
About 0.7%-1.6% of sale price (excluding agent commission).
Notes specific to Minnesota
- Minnesota's state deed tax is 0.33% of sale price, customarily paid by the seller; Hennepin and Ramsey counties add a 0.01% Environmental Response Fund tax (0.34% total in those counties).
- The buyer customarily pays for the owner's title insurance policy in many areas of Minnesota.
- Most Minnesota closings are handled by licensed closing agents or title companies; attorneys are not required.
A real example: selling a median-priced home in Minnesota
The median Minnesota home sold for $361,715 in May 2026, according to Redfin — up 0.5% from a year earlier, with homes spending a median of 34 days on the market. Run that price through this calculator's Minnesota defaults and the picture looks like this: a 5.5% commission comes to about $19,894, the state's 0.33% deed tax adds $1,194 (rising to $1,230 if the property sits in Hennepin or Ramsey County, where an extra 0.01% Environmental Response Fund tax applies), and typical closing costs of 0.7%–1.6% add roughly $4,160 at the midpoint. Add the standard $450 settlement fee and total deductions land around $25,700 — about 7.1% of the sale price — before any mortgage payoff.
That Hennepin/Ramsey add-on is easy to miss: it's only $36 more on a median-priced sale, but it catches sellers off guard because it's not on the state's own closing-cost sheet — it's a county-level rule stacked on top. If your property is in Minneapolis or St. Paul, budget for it.
Frequently asked questions — Minnesota
Who pays the transfer tax in Minnesota?
State deed tax of 0.33% of price, customarily paid by the seller; Hennepin and Ramsey counties add a 0.01% Environmental Response Fund tax (0.34% total in those counties).
What are typical seller closing costs in Minnesota?
Excluding the real estate agent commission, sellers in Minnesota typically pay about 0.7%-1.6% of the sale price in closing costs. Buyer customarily pays for the owner's title insurance policy in many areas.
What is the typical real estate commission in Minnesota?
Commission in Minnesota is negotiated between the seller and the listing brokerage — combined rates commonly land in the mid-single digits, but there is no set rate. Since the 2024 NAR settlement, what the seller offers the buyer's brokerage (if anything) is negotiated in the purchase contract, not advertised on the MLS.
Do I need an attorney to sell a home in Minnesota?
Most Minnesota closings are handled by licensed closing agents or title companies; attorneys are not required.