Mississippi Closing Cost Calculator
Estimate Mississippi closing costs for buyers and sellers. Transfer tax: 0%. Average total: 2.6% of price.
How This Calculator Works
Calculation methodology and assumptions
Closing costs in Mississippi typically range from 2.1% to 3.1% of the purchase price. This calculator estimates individual line items including title insurance (0.5% of price), transfer taxes (0% in Mississippi), recording fees, loan origination fees (1% of loan), appraisal, inspection, and escrow/prepaids. Mississippi requires an attorney for real estate closings.
Frequently Asked Questions
How much are closing costs in Mississippi?
Closing costs in Mississippi average 2.6% of the purchase price. On a $165,000 home, that's approximately $4,290.
Does Mississippi have transfer taxes?
Mississippi does not impose a transfer tax on real estate transactions.
Do I need an attorney to close in Mississippi?
Yes, Mississippi is an "attorney state" — you are required to have an attorney present at closing.
Who pays closing costs in Mississippi?
In Mississippi, both buyers and sellers have closing costs. Buyers typically pay loan-related fees, appraisal, inspection, and their share of prepaids. Sellers usually pay real estate agent commissions and their share of transfer taxes. Some costs are negotiable between the parties.
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