Philadelphia closing cost calculator
Estimate Philadelphia closing costs for buyer and seller. The 4.578% realty transfer tax (3.578% City, 1% Pennsylvania) is split by the share you enter, often half each; the seller's net also subtracts the payoff, the commission and recording fees, and the buyer's side adds the owner's and lender's title premiums from the Pennsylvania TIRBOP rate manual.
| Seller | Amount |
|---|---|
| Sale price | $400,000.00 |
| Mortgage payoff | −$200,000.00 |
| Real estate commission (5%) | −$20,000.00 |
| Philadelphia Realty Transfer Tax (3.578%), seller's share50% per the contract | −$7,156.00 |
| Pennsylvania Realty Transfer Tax (1%), seller's share50% per the contract | −$2,000.00 |
| Estimated net to seller | $170,844.00 |
| Buyer: taxes and title premiums | Amount |
|---|---|
| Philadelphia Realty Transfer Tax (3.578%), buyer's share | $7,156.00 |
| Pennsylvania Realty Transfer Tax (1%), buyer's share | $2,000.00 |
| Owner's title insurance policyFrom the official rate schedule | $2,735.00 |
| Buyer subtotal | $11,891.00 |
When there is no sale price, Philadelphia computes the tax from the assessed value times the common level ratio.
Recording fees here are set per document by the recording office; enter them from its fee schedule. Estimate only. Not included: prorated property taxes and HOA dues unless entered, lender fees, settlement or escrow fees, endorsements, survey and attorney fees. Your closing disclosure or settlement statement is the final word.
Before you list or close: check the owner of record, open mortgages and liens that must be paid off at closing.SearchWorked examples
Computed with the same rules as the calculator. Seller costs include the commission, the seller's transfer taxes, the owner's title policy when the seller pays it and recording fees; buyer taxes and title are the buyer's transfer taxes and title premiums.
| Example | Seller costs | Net to seller | Buyer taxes and title |
|---|---|---|---|
| $250,000 sale, $120,000 payoff, 5%, tax split 50/50 | $18,222.50 | $111,777.50 | $7,602.50 |
| $300,000 sale, $150,000 payoff, 5%, tax split 50/50 | $21,867.00 | $128,133.00 | $9,032.00 |
| $500,000 sale, $250,000 payoff, 5%, seller pays all transfer tax | $47,890.00 | $202,110.00 | $3,305.00 |
Questions
What is the Philadelphia realty transfer tax?
4.578% of the price: 3.578% to the City and 1% to the Commonwealth. Buyer and seller often split it equally, but the contract decides. On a $300,000 sale the total is $13,734, or $6,867 each when split.
How much is title insurance in Philadelphia?
Pennsylvania rates come from the TIRBOP manual: an owner's policy at the Sale Rate is $2,165 on $300,000 and $2,735 on $400,000, and a loan policy issued with it adds nothing unless the loan is larger than the price.
What are seller closing costs in Philadelphia?
The commission, the seller's share of the transfer tax, the mortgage payoff, recording fees for any satisfaction, and prorated taxes or water and sewer charges. Enter the recording fee from the Department of Records fee schedule and other items under other seller costs.
What if there is no sale price?
When there is no sale price, Philadelphia computes the transfer tax from the assessed value times the common level ratio; this calculator works from a price.
Title premiums alone: Pennsylvania title insurance calculator.
More free calculators: Title insurance calculator, Seller net sheet, Transfer tax calculator, Flood zone lookup.
Legal references
- Title Insurance Rating Bureau of Pennsylvania, Rate Manual, Sections 5.2 C, 5.9 A and 5.50 (approved through 08/01/24)
Rates checked 2026-10-19 against the published rate schedules. Estimate only, not legal, tax or insurance advice. HeritageDeed does not sell title insurance and does not refer anyone to a title company; the premium on your closing disclosure is the final word.
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