Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
Closing costs in Illinois
See how much you might have to shell out in closing costs when you buy or sell a home in this state.
According to data from ClosingCorp, the average closing cost in Illinois is $6,529.74 after taxes, or approximately 2.18% to 3.26% of the final home sale price.
Closing cost stats in Illinois
Across the state, the average home sells for between $200,000 and $300,000. If you buy a property in that range, expect to pay between $4,353.16 and $9,794.61 in closing costs after taxes.
|Average home sale price||$200,000 to $300,000|
|Average total closing cost||$6,529.74|
|Expected closing cost range||$4,353.16 to $9,794.61|
|Percentage of closing cost to home sale price||2.18% to 3.26%|
How much does tax affect the closing cost?
Buyers and sellers in Illinois pay an average of $1,635.75 in tax combined for the closing. This accounts for 25.05% of the total average closing cost in Illinois.
|Average tax paid||$1,635.75|
|Percentage of total closing cost||25.05%|
Compare mortgage lenders
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How do closing costs in Illinois compare nationally?
The closing costs for buying a home in Illinois are
amongst the nation's highest
after accounting for taxes. It’s 41st
in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Illinois||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Illinois.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
More guides on Finder
Closed-end mutual funds
Learn how closed-end mutual funds work and how to start investing in them.
PenFed Credit Union home equity review
Get a line of credit with low closing costs — but you can’t apply online.
Bank of the West home equity review
Offers reduced-rate, no-closing-cost HELOCs, but only in specific states.
Santander HELOC review
Enjoy no minimum draw and no closing costs from this regional bank.
Flagstar Bank home equity review
Get a loan or line of credit with no closing costs from this regional bank.
Connexus Credit Union home equity review
Get flexible terms and a closing costs discount if you live within its service area.
Why ETF expense ratios matter
ETFs are investments with hidden costs. See how ETF expense ratios impact your portfolio.
Capital One savings account interest rates for 2021
See how much interest you could earn with a savings account from Capital One.
No-closing-cost refinance: Does it make sense?
A no-closing-cost refinance has zero upfront fees, but may still cost you.
Mortgage rates in Hawaii
Hawaii mortgage rates typically come in slightly below the national average.
Ask an Expert