Closing costs in Massachusetts
On a $500,000 home with 20% down, buyers in Massachusetts typically pay about $9,954 to $21,142 at closing, including prepaid taxes and insurance.
Typical buyer total2.0%–4.2%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | Massachusetts’s deed excise tax ($4.56 per $1,000; $3.42 in Barnstable County) is paid by the seller. There’s no mortgage tax. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $7,913 – $16,765 | 2.6%–5.6% |
| $300,000 | FHA, 3.5% down | $8,187 – $17,528 | 2.7%–5.8% |
| $500,000 | Conventional, 20% down | $9,954 – $21,142 | 2.0%–4.2% |
| $500,000 | FHA, 3.5% down | $10,411 – $22,414 | 2.1%–4.5% |
| $750,000 | Conventional, 20% down | $12,506 – $26,613 | 1.7%–3.5% |
| $750,000 | FHA, 3.5% down | $13,192 – $28,520 | 1.8%–3.8% |
Who pays what in Massachusetts
Massachusetts’s deed excise tax ($4.56 per $1,000; $3.42 in Barnstable County) is paid by the seller. There’s no mortgage tax.
Questions
How much are closing costs for buyers in Massachusetts?
Often about 2.0% to 4.2% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Massachusetts?
No. Massachusetts’s deed excise tax ($4.56 per $1,000; $3.42 in Barnstable County) is paid by the seller. There’s no mortgage tax.
More for Massachusetts
Sources: Massachusetts Department of Revenue (deed excise tax, M.G.L. c. 64D). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.