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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.

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Fact checked

The average closing cost in Illinois is $5,609 after taxes, or approximately 1.87% to 2.8% 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 $3,739 and $8,414 in closing costs after taxes.

Data Value
Average home sale price $200,000 to $300,000
Average total closing cost $5,609
Expected closing cost range $3,739 to $8,414
Percentage of closing cost to home sale price 1.87% to 2.8%
Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.

Compare more mortgage lenders

Name Product Loan products offered State availability Min. credit score
Better.com
(NMLS #330511)
Better.com
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
620
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
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Compare up to 4 providers

How much does tax affect the closing cost?

Buyers and sellers in Illinois pay an average of $1,107 in tax combined for the closing. This accounts for 19.74% of the total average closing cost in Illinois.

Value
Average tax paid $1,107
Percentage of total closing cost 19.74%

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*
Before taxes $4,502 6
After taxes $5,609 41

*Ranked from lowest to highest of the 50 states plus Washington DC

Bottom line

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.

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