Does New Mexico have a transfer tax?

No. New Mexico charges no state real estate transfer tax, though a small county recording fee still applies to the deed.

Who pays for title insurance in New Mexico?

The seller customarily pays for the owner's title policy in New Mexico. Title rates are regulated by the state.

What are typical New Mexico seller closing costs?

Excluding commissions, most New Mexico sellers pay 1–2% of the sale price in title, escrow, prorated taxes, and recording fees.

Net sheets by state · New Mexico

New Mexico Seller Net Sheet Calculator

New Mexico has no real estate transfer tax, giving sellers more predictable closing costs. Calculate your net proceeds from any New Mexico home sale.

Free Seller Net Sheet Calculator

Enter the sale price and costs — see exactly what the seller walks away with. Download a branded PDF in under 2 minutes.

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Property Details

Sale price

Property address (optional)

State

Mortgage & Existing Liens

Remaining mortgage balance

Second mortgage / HELOC (optional)

Other liens (optional)

Not sure? Leave at $0 — your title company will confirm the exact amount.

Agent Commissions

Your commission

Buyer agent commission (if offered)

Post-NAR settlement: this is now negotiable. Enter 0 if not offering.

Commission total$0.00(5.00%)

Closing Costs

These are average estimates for New Mexico. Your title company will confirm exact amounts.

Title insurance

Transfer / excise tax

Escrow / attorney fees

Recording fees

Prorated property taxes

Home warranty (optional)

Seller concessions / repair credits

Other costs (optional)

Pre-Sale Expenses

Include

This is an estimate only. Actual proceeds depend on final negotiations, exact closing costs, and your specific mortgage terms. Consult your agent and title company for exact figures.

New Mexico seller FAQ

Net sheets for other states

Also useful for contractors: Field Invoice · Field Estimate →