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Closing costs in Iowa

See how much you might have to shell out in closing costs when you buy or sell a home in this state.

Updated

Fact checked

The average closing cost in Iowa is $2,194 after taxes, or approximately 1.1% to 2.19% of the final home sale price.

Closing cost stats in Iowa

Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,097 and $4,388 in closing costs after taxes.

Data Value
Average home sale price $100,000 to $200,000
Average total closing cost $2,194
Expected closing cost range $1,097 to $4,388
Percentage of closing cost to home sale price 1.1% to 2.19%
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.

How much does tax affect the closing cost?

Buyers and sellers in Iowa pay an average of $240 in tax combined for the closing. This accounts for 10.94% of the total average closing cost in Iowa.

Value
Average tax paid $240
Percentage of total closing cost 10.94%

How do closing costs in Iowa compare nationally?

The closing costs for buying a home in Iowa are below the national average after accounting for taxes. It’s 2nd
in our rankings which rates states from lowest to highest closing cost.

Average total closing cost in Iowa Ranking*
Before taxes $1,954 51
After taxes $2,194 2

*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 Iowa.

To save on your home loan, consider comparing the fees and rates of top lenders before signing.

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