Oakland County, Michigan Closing Costs
On the $320,400 median Oakland County home, the county-specific closing items come to about $5,652: transfer tax $2,757, title insurance $2,835, recording fees $60. Lender fees, appraisal and prepaids are added by the loan, not the county.
County-specific closing costs by purchase price
| Purchase price | Transfer tax | Title insurance (both policies) | Recording fees | Total |
|---|---|---|---|---|
| $150,000 | $1,290 | $1,815 | $60 | $3,165 |
| $200,000 | $1,720 | $2,140 | $60 | $3,920 |
| $250,000 | $2,150 | $2,438 | $60 | $4,648 |
| $300,000 | $2,580 | $2,735 | $60 | $5,375 |
| $350,000 | $3,010 | $2,975 | $60 | $6,045 |
| $400,000 | $3,440 | $3,215 | $60 | $6,715 |
| $450,000 | $3,870 | $3,455 | $60 | $7,385 |
| $500,000 | $4,300 | $3,695 | $60 | $8,055 |
| $600,000 | $5,160 | $4,175 | $60 | $9,395 |
| $700,000 | $6,020 | $4,655 | $60 | $10,735 |
| $800,000 | $6,880 | $5,135 | $60 | $12,075 |
| $1,000,000 | $8,600 | $6,095 | $60 | $14,755 |
Frequently asked questions
How much are closing costs in Oakland County?
On the $320,400 median home, the county-specific items come to about $5,652: transfer tax $2,757 including County Real Estate Transfer Tax, title insurance $1,725 for the owner's policy and $1,110 for the lender's, and about $60 to record the deed and mortgage. Lender fees, an appraisal, prepaid taxes and insurance come on top and depend on the loan.
Who pays these in Oakland County?
Who pays the owner's title policy is negotiable; the buyer pays the lender's policy and the mortgage recording fee.
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- Michigan State Real Estate Transfer Tax Act, MCL 207.523 (rate confirmed via Deeds.com secondary verification; primary legislature.mi.gov pages were unreachable during research)
- Michigan county transfer tax, MCL 207.505, uniform statewide
- Stewart Title Guaranty Company, All-Inclusive Residential Schedule of Charges for Title Insurance in the State of Michigan, revised 1/9/2024, effective 2/26/2024
- Oakland County Register of Deeds fee schedule
Figures are computed from the documents above and rounded to the dollar. All sources.
All Michigan buyer closing costs → Oakland County home buyer guide →
Figures are computed from the documents above and rounded to the dollar. General information, not financial advice.
Oakland County overview