New Mexico seller net sheet calculator

New Mexico has no real estate transfer tax. The seller customarily pays for the owner’s title policy, at premiums set by the state.

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

State Closing date

New Mexico: No state transfer tax. Owner’s title is usually paid by the seller.

Sale price

$

Mortgage payoff

$

Commissions

Listing agent

Buyer’s agent

Estimated net to seller $120,327

43%keeps

Sale price$280,000
Commissions−$15,400
- Listing agent commission (3%)est.−$8,400
- Buyer’s agent compensation (2.5%)est.−$7,000
Loans and liens−$140,000
- Mortgage payoff−$140,000
Title and closing−$1,680
- Owner’s title insuranceest.−$980
- Settlement or escrow feeest.−$600
- Recording and release feesest.−$100
Taxes−$2,593
- Property taxes (prorated)est.−$2,593
Net to seller$120,327

An estimate, not a closing statement. The title or escrow company and your lender provide the final figures, and the loan payoff comes from the lender's payoff statement. Commissions are negotiable.

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A New Mexico sale, worked out

The calculator opens on $280,000, about the median value of an owner-occupied home in New Mexico ($279,900, 2024 Census estimate), with a $140,000 mortgage payoff as an example. Commissions are whatever the seller agrees, so they’re left out here.

Before commissions and the payoff, the seller’s costs come to about $4,273, or 1.53% of the price, for a closing on December 5, 2026. New Mexico is one of the states with no state transfer tax.

Seller’s costs on $280,000, before commissions and the payoff
Owner’s title insuranceest.	−$980
Settlement or escrow feeest.	−$600
Recording and release feesest.	−$100
Property taxes (prorated)est.	−$2,593
Total	−$4,273

Estimates are tagged “est.”; the rest follow the state’s rules.

The title policy at other prices

New Mexico has no state transfer tax, so the seller’s state-set costs come down to title and closing fees. The owner’s policy below is an estimate; your title company’s quote will differ. The seller usually pays for it.

Sale price	Owner’s title policy
$250,000	$875est.
$500,000	$1,750est.
$750,000	$2,625est.
$1,000,000	$3,500est.
$2,000,000	$7,000est.

Selling in New Mexico: what to know

No state transfer tax

New Mexico has no state or local transfer tax on deeds; only recording fees apply.

Title insurance

The seller customarily pays for the owner’s policy in New Mexico. Title premiums are set by the state’s Office of Superintendent of Insurance, so they don’t vary by company.

Who runs the closing

Title and escrow companies close New Mexico sales. An attorney isn’t required.

Property taxes

New Mexico generally bills the calendar year around November 1, with the first half due November 10 and the second half April 10 of the next year, so taxes are paid in arrears and the seller credits the buyer.

Selling in New Mexico: questions

Does New Mexico have a transfer tax?

No. New Mexico has no transfer tax on deeds; sellers pay only ordinary recording costs.

Who pays for title insurance in New Mexico?

The seller customarily pays for the owner’s policy, and the premium is set by the state, so it is the same at every company.

How are property taxes prorated in New Mexico?

New Mexico taxes are paid in arrears in halves due November 10 and April 10, so the seller usually credits the buyer for the year to date.

How much are seller closing costs in New Mexico?

Leaving out commissions, which are whatever the seller agrees, and the loan payoff, a New Mexico seller’s costs on a $280,000 sale come to about $4,273 with the calculator’s estimates and a December 5, 2026 closing: owner’s title insurance $980, settlement or escrow fee $600, recording and release fees $100, property taxes (prorated) $2,593. Put in your own numbers above for a closer figure.

Is anything I type saved?

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