Minnesota closing cost calculator

Minnesota buyers pay a mortgage registry tax of 0.23% of the loan, 0.24% in Hennepin and Ramsey counties. The buyer typically pays for the owner’s title policy.

Minnesota’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

County or city

Minnesota: Deed tax: 0.33% of the price, and the seller usually pays it. Buyers also pay mortgage registry tax. Owner’s title is usually paid by the buyer.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $77,111

2.4%closing costs

Purchase price$345,000
Down payment (20%)$69,000
- Loan amount$276,000
Loan costs+$3,460
- Origination and lender feesest.+$2,760
- Appraisalest.+$700
Title and closing+$2,558
- Lender’s title insuranceest.+$500
- Owner’s title insuranceest.+$1,208
- Settlement or escrow feeest.+$600
- Recording feesest.+$250
Taxes−$2,560
- Mortgage registry tax+$635
- Property tax credit from the sellerest.−$3,195
Prepaids and escrow+$4,203
- Homeowner’s insurance, first yearest.+$1,725
- Prepaid interest (27 days)est.+$1,327
- Property tax escrow (3 months)est.+$863
- Insurance escrow (2 months)est.+$288
Other costs+$450
- Home inspectionest.+$450
Cash to close$77,111

Estimated monthly payment$2,177

Principal and interest$1,745
Mortgage insurance$0
Property taxes$288
Insurance$144
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

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A Minnesota purchase, worked out

The calculator opens on $345,000, about the median value of an owner-occupied home in Minnesota ($344,600, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $77,111: $69,000 down and $8,111 in closing costs, 2.4% of the price. Minnesota’s taxes on the buyer come to $635 of that: mortgage registry tax $635. The monthly payment comes to about $2,177, with property tax and insurance.

Cash to close on $345,000, 20% down
Down payment	$69,000
Origination and lender feesest.	+$2,760
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Owner’s title insuranceest.	+$1,208
Settlement or escrow feeest.	+$600
Recording feesest.	+$250
Mortgage registry tax	+$635
Property tax credit from the sellerest.	−$3,195
Homeowner’s insurance, first yearest.	+$1,725
Prepaid interest (27 days)est.	+$1,327
Property tax escrow (3 months)est.	+$863
Insurance escrow (2 months)est.	+$288
Home inspectionest.	+$450
Cash to close	$77,111

Estimates are tagged “est.”; Minnesota’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

Minnesota’s buyer taxes: the mortgage registry tax (0.23% of the loan). Each row has 20% down on a conventional loan.

Price	Minnesota’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	$460	$6,857	$56,857	$1,597
$500,000	$920	$10,630	$110,630	$3,153
$750,000	$1,380	$14,855	$164,855	$4,730
$1,000,000	$1,840	$19,140	$219,140	$6,307
$2,000,000	$3,680	$36,279	$436,279	$12,613

Buying in Minnesota: what to know

Taxes buyers pay

The borrower pays Minnesota’s mortgage registry tax: 0.23% of the loan, or 0.24% in Hennepin and Ramsey counties. That is $736 on a $320,000 loan at 0.23%.

Deed tax

Minnesota’s deed tax is 0.33% of the price minus any mortgage the buyer assumes, with a flat $1.65 when the price is $3,000 or less. It is the seller’s liability under the standard purchase agreement, though a contract can assign it to the buyer. Hennepin and Ramsey counties add 0.01%, for 0.34% there.

Title insurance

Under the standard Minnesota purchase agreement the seller furnishes title evidence, an abstract continued at the seller’s cost, and the buyer buys the owner’s policy. Some sources report seller-paid policies, so it is negotiable. Each side pays its own closer’s fee.

Who runs the closing

Minnesota doesn’t require an attorney. Title-company closers handle most closings.

Property taxes and escrow

Minnesota taxes are paid in the year they’re payable, in two halves due May 15 and October 15, and prorated on a calendar-year basis to the closing date. Before May 15 the seller credits the buyer for January 1 to closing; after paying a half, the seller may be reimbursed for days after closing. Any prior-year delinquent taxes are the seller’s.

Local differences

Hennepin and Ramsey add a 0.01% environmental tax to the deed and mortgage taxes. Ten counties (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Waseca, Washington, Winona and Wright) charge a flat $5 conservation fee on each deed and mortgage. A well disclosure certificate costs $54 to file when the property has a well.

Minnesota by county

Most of Minnesota follows the rules above. These counties add a tax of their own, set a different rate or change who pays, and the calculator applies them when you pick one. Amounts are what the buyer usually pays in transfer and deed taxes on $345,000 with 20% down, plus the owner’s title policy where the buyer usually buys it.

Everywhere else in Minnesota

The state’s rules, as above

$1,843

Hennepin County

Deed tax 0.34%
Mortgage registry tax 0.24%

$1,870 +$27 vs. elsewhere

Ramsey County

Deed tax 0.34%
Mortgage registry tax 0.24%

$1,870 +$27 vs. elsewhere

Buying in Minnesota: questions

What is the mortgage registry tax in Minnesota?

It is a tax of 0.23% of the loan, 0.24% in Hennepin and Ramsey counties, paid by the borrower when the mortgage is recorded.

What is the well disclosure fee in Minnesota?

When a property has a well, a well disclosure certificate is filed with the deed for a $54 fee, usually collected from the buyer.

Do I need an attorney to buy in Minnesota?

No. Title-company closers handle most Minnesota closings.

How much are closing costs in Minnesota?

On a $345,000 home with 20% down on a conventional loan, the calculator’s estimates put a Minnesota buyer’s closing costs at about $8,111, or 2.4% of the price, and cash to close at $77,111. Minnesota’s taxes on the buyer come to $635 of that: mortgage registry tax $635. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

Is anything I type saved?

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