Closing costs by state
Closing costs in Mississippi
Closing costs in Mississippi run about 2% to 5% of the price for a buyer, made of lender fees, title and settlement, recording, prepaid interest and escrow reserves; on a $400,000 home the worked example below comes to $10,055. Mississippi has no state-level real estate transfer tax.
Last verified ·Sources:dor.ms.gov·billstatus.ls.state.ms.us·law.justia.com
The rules
What Mississippi does differently
- State transfer tax
- None at the state level.
- Who pays it
- Not applicable.
- County and city add-ons
- None; no county or municipal deed tax. Chancery clerks charge flat recording fees ($25 for the first five pages of a deed, $1 per additional page, plus a $1 archive fee in some counties). A documentary stamp tax applies only to mineral interests.
- Attorney at closing
- In Mississippi closings are customarily handled by an attorney rather than a title or escrow company, so budget an attorney fee.
- Owner’s title policy
- Who pays the owner’s title policy in Mississippi varies by county or region; it is set by local custom and the contract.
- Notes
- The Department of Revenue's list of state taxes has no transfer or deed tax, and Miss. Code § 25-7-9 sets only flat recording fees. Preparing deeds and certifying title is the practice of law (§ 73-3-55), so attorneys customarily run closings. Sources split on who pays the owner's policy.
- dor.ms.gov — “MISSISSIPPI TAX STRUCTURE: Income Taxes; Sales and Use Taxes; Property Taxes; Petroleum Taxes; ... Estate; ... Severance”
- billstatus.ls.state.ms.us — “25-7-9 ... Recording each deed ... for the first five (5) pages $25.00 (ii) Each additional page $1.00”
- law.justia.com — “write or dictate any deed of conveyance, deed of trust, mortgage, contract ... or shall make or certify to any abstract of title”
Worked example
A $400,000 home in Mississippi, 20% down
Loan of $320,000 at 6.5%, closing on the 15th. Lender, title and recording figures are typical line items used for illustration, the same on every state page; the transfer tax follow Mississippi’s rules above. Not a quote: the calculator takes your own figures.
Buyer pays
| Loan origination, 1% of the loan | $3,200 |
| Appraisal | $550 |
| Title and settlement services | $1,800 |
| Lender’s title policy | $900 |
| Recording | $150 |
| Prepaid interest, 15 days at 6.5% | $855 |
| Escrow reserve, 3 months of tax at 1.1% | $1,100 |
| First year of homeowners insurance | $1,500 |
| Total (2.514% of price) | $10,055 |
Seller pays
| Commission, 5% | $20,000 |
| Title and escrow fees | $2,000 |
| Owner’s title policy (estimate) | $1,500 |
| Prorated property tax | $1,500 |
| Total | $25,000 |
Questions
What people ask about Mississippi
- Who pays the transfer tax in Mississippi?
- Mississippi has no state-level real estate transfer tax.
- Do you need an attorney to close on a house in Mississippi?
- In Mississippi closings are customarily handled by an attorney rather than a title or escrow company, so budget an attorney fee.
- Who pays for the owner’s title policy in Mississippi?
- Who pays the owner’s title policy in Mississippi varies by county or region; it is set by local custom and the contract.
- How much are seller closing costs in Mississippi?
- On a $400,000 sale with a 5% commission, the worked example on this page comes to $25,000 for the seller, before the mortgage payoff and any concessions or repairs. The seller net sheet calculator shows the walk-away figure.
Last reviewed September 8, 2026 by the EstatePass editorial team. Formulas and program limits are checked against the published rules; figures on this page are arithmetic, not market statistics.
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