According to data from ClosingCorp, the average closing cost in Indiana is $2,100.62 after taxes, or approximately 0.7% to 1.05% of the final home sale price.
Closing cost stats in Indiana
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 $1,400.41 and $3,150.93 in closing costs after taxes.
Data | Value |
---|---|
Average home sale price | $200,000 to $300,000 |
Average total closing cost | $2,100.62 |
Expected closing cost range | $1,400.41 to $3,150.93 |
Percentage of closing cost to home sale price | 0.7% to 1.05% |
How much does tax affect the closing cost?
Buyers and sellers in Indiana pay an average of $0 in tax combined for the closing. This accounts for 0% of the total average closing cost in Indiana.
Value | |
---|---|
Average tax paid | $0 |
Percentage of total closing cost | 0% |
How do closing costs in Indiana compare nationally?
The closing costs for buying a home in Indiana are above the national average after accounting for taxes. It’s 3 in our rankings which rates states from lowest to highest closing cost.
Average total closing cost in Indiana | Ranking* | |
---|---|---|
Before taxes | $2,100.62 | 48 |
After taxes | $2,100.62 | 3 |
*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 Indiana.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
More guides on Finder
-
Certificates of deposit: What is it and how it works
Compare, choose and apply for a certificate of deposit on finder.com. Competitive interest rates from leading financial institutions in the US.
-
Robinhood Roth IRA Review 2024: IRA Match and $0 Commission Trading
Robinhood’s Roth IRAs are some of the best and stand out for their low trading costs, access to options trading and a 3% IRA match.
-
Is Chime a Good Bank?
Chime provides legitimate banking services through partner banks, which also offer typical FDIC insurance up to $250,000. See our full review here.
-
Interval Funds: What They Are and How to Get One
An interval fund is a type of closed-end mutual fund that allows you to buy shares that can only be sold back to the fund during specific intervals.
-
How to Get a $200 Cash Advance
Compare cash advance apps that offer $200 advances and the requirements needed to qualify.
-
Discover 27 New Cash Advance Apps in 2024
Compare cash advance apps based on monthly fees, transfer fees and advance amounts.
-
How to Get a $100 Cash Advance
A guide to cash advance providers that offer $100 advances and what you need to qualify.
-
How to Get a $1,000 Cash Advance Today
Compare cash advance apps that offer $1,000 cash advances with no credit check, plus how to qualify.
-
Is Robinhood Gold worth it?
Robinhood Gold costs $5/month. The cost is worth it if you take advantage of the IRA match, margin interest savings and bonus on taxable deposits.
-
7 Best CD rates in Texas in September 2024
The highest CD rates in Texas are from Ciera Bank, Quontic Bank, Susser Bank, Ally Bank and more. See the full list here.
Ask a question