Connecticut Seller Closing Costs Calculator (2022 Data)

Written by Elizabeth BoydFebruary 9th, 20234 minute read

Jump to section: CT seller closing costs calculator | Full cost breakdown | How to save | FAQ

Connecticut Seller Closing Costs Calculator

Use our Connecticut closing cost calculator to estimate your total closing costs and net proceeds when you sell your home. Be aware that your actual closing costs will vary depending on exactly where in Connecticut you're selling, any credits or adjustments negotiated with your buyer, and additional factors like the realtor commission rate.

💰 Quick Tip: The best way to save on closing costs is to lower your realtor commission rate, which is the biggest closing cost by far. Find your realtor through Clever's free agent matching service, get pre-negotiated low rates, and save up to 50%. Learn more

Connecticut seller closing costs calculator

Full break down of seller closing costs in Connecticut

🔍 Closing cost
📊 Average rate
💰 Amount*
• ≤ $800k: 0.75%
• $800k–$2.5M: 1.25%
• > $2.5M: 2.25%
*Calculations based on CT's median home price of $360,551. Data from Zillow

Realtor commission fees (~5.12%)

Real estate agents charge commission fees for helping homeowners and buyers with the sales and purchasing process. Most agents work for a percentage of the final purchase price — typically between 2.5–3% per agent, which results in a total of 5-6%. In Connecticut, that average total is 5.12%. The buyer’s and seller’s agent payments come from the sales proceeds meaning they’re a seller's expense, reducing your net profit.

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» MORE: Who pays realtor commissions?

Settlement fee ($750–$1,250)

In Connecticut, a licensed attorney typically handles closings, The attorney drafts and prepares closing documents that affect title transfer and legal rights. Other duties include discharging property liens, overseeing funds disbursement, and creating a title lien for the new lender. Real estate attorneys characteristically charge those services as a settlement fee.

Home warranty ($300–$600)

Home warranties are annual service contracts that offset the expense of appliance and home system breakdowns. You can get coverage for major systems like electrical, HVAC, and plumbing. Sellers can also warranty appliances like a refrigerator, range, oven, washer, dryer, and water heater. While not required, it’s common for the seller to purchase a home warranty policy for the buyer. The seller may also opt for a specific short-term warranty that provides coverage until closing.

Connecticut conveyance tax (varies)

The Connecticut conveyance tax (a.k.a. real estate transfer tax) is due when real property title/ownership changes. There are some exceptions like transfers between spouses. The state also applies a progressive transfer tax system. That means different portions of the total home sales price may be taxed at different rates.

The entire amount is taxed at the 0.75% rate for houses sold at or below $800,000. But only the amount above $800,000 is taxed at the higher 1.25% rate on homes sold between $800,000 and $2.5 million. The rest of the proceeds are taxed at the lower 0.75% rate.

For example, the state conveyance tax on a $1.5 million residential sale is $14,750:

  1. $1,500,000 - $800,000 = $700,000
  2. $800,000 x .0075 (lowest 0.75% rate) = $6,000
  3. $700,000 (portion over $800k) x .0125 (mid-tier 1.25% rate) = $8,750
  4. $6,000 + $8,750 = state conveyance tax amount ($14,750)

The same principle applies to homes that sell for more than $2.5 million, with each portion taxed at three different tax rates.

Municipal/city transfer tax ($901–$1,803)

The minimum municipal transfer tax rate in Connecticut is 0.25% of the home sales price. But several cities charge an additional 0.25% tax on real estate transfers in their municipalities, raising the rate to 0.5%. Stamford, Connecticut is an exception, applying a 0.35% municipal tax on real estate transfers below $1 million and a 0.5% rate on sales exceeding that amount.

Connecticut municipalities that charge higher transfer taxes

The following 20 cities have Enterprise Zones, allowing them to charge up to 0.25% more in transfer taxes: Windham, West Haven, Waterbury, Thomaston, Stamford, Southington, Norwich, Norwalk, New London, New Haven, New Britain, Middletown, Meriden, Hartford, East Hartford, Hamden, Groton, Bristol, Bridgeport, and Bloomfield.

How to save on seller closing costs in Connecticut

✅ Sell with a low commission realtor

Realtor fees are your biggest closing expense when you sell your home. So, that’s an excellent area to focus on when looking for savings. Fortunately, you can potentially save thousands of dollars by listing your house with a low-commission realtor.

An agent matching service like Clever Real Estate will connect you with qualified realtors who will charge as little as 1.5% to list and sell your home. You could save up to a third of your realtor fees (4% total rate vs. 6% total rate).

✅ Negotiate closing costs with the buyer

You may also lower your total expenditure by negotiating closing costs with the people who want to buy your home. For example, some motivated buyers are willing to pay closing expenses traditionally assigned to the seller. That could mean more money in your pocket.

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Clever pre-negotiates low rates with top agents nationwide. Compare local agents, get full service, save up to 50% on realtor fees at closing. Clever is free to use with no obligation. Give it a try today!

Connecticut Closing Costs FAQ

Both sellers and buyers pay closing costs in Connecticut. But the amount and type of costs vary greatly. On the seller side, realtor fees represent the most significant deduction from the sales proceeds. Aside from those realtor commissions, the actual closing costs come to about 2.7% of the purchase price for Connecticut sellers.

Buyers often pay more in closing costs since they usually need a mortgage to purchase the home, and lender fees increase the buyers' settlement costs. Some buyers can lower closing costs with lender assistance.

The standard practice in Connecticut is that the seller pays all the transfer taxes (state and city). But no law or regulation mandates that practice. So it’s possible to negotiate those fees with a willing buyer.

Connecticut title insurance rates vary by provider. They can average between $275-$375 per $100,000. Buyers may purchase a loan title insurance policy on a $360,551 mortgage for about $992–$1,352.

Lender title insurance assures the mortgage company that the seller has a clear title to the home. It also protects the lender financially if a challenge arises after the purchase. The owner’s policy is optional but offers the same type of protection for the new owner. Providers frequently discount simultaneous policy purchases. The buyer ordinarily covers title insurance expenses.