We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
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.
The average closing cost in Iowa is $1,913 after taxes, or approximately 0.96% to 1.91% 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 $956.50 and $3,826 in closing costs after taxes.
|Average home sale price||$100,000 to $200,000|
|Average total closing cost||$1,913|
|Expected closing cost range||$956.50 to $3,826|
|Percentage of closing cost to home sale price||0.96% to 1.91%|
Find a low mortgage rate for buying a home in Iowa
How much does tax affect the closing cost?
Buyers and sellers in Iowa pay an average of $105 in tax combined for the closing. This accounts for 5.49% of the total average closing cost in Iowa.
|Average tax paid||$105|
|Percentage of total closing cost||5.49%|
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*|
*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 Iowa.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
Read more on this topic
HSBC Bank vs. Bank of America mortgages Both lenders are big names for banking, but we dive in to see how their mortgage services stack up.
Veterans First mortgage review Veterans First has experience working with military borrowers, but there may be delays in closing.
Guaranteed Rate vs. Quicken Loans mortgages We look at Guaranteed Rate and Quicken Loans to help you find out which one is a better option for your next mortgage.
CitiMortgage vs. CIT Bank mortgages Both CitiMortgage and CIT Bank are available nationwide, but one might be the better option for certain homebuyers.
PHH Mortgage review PHH offers conventional and government-insured loans, but its customer service is lacking.
What is a HELOC and how does it work? A HELOC is a good option for borrowers who want flexible funds to use for renovations or emergencies, but there are risks.
Wintrust Mortgage review Conventional and government-backed loans with down payments as low as 3.5%.
State Employees’ Credit Union mortgage review You'll find conventional mortgages in five states, but look elsewhere for government-insured loan options.
PrimeLending mortgage review PrimeLending offers rate locks and a variety of conventional, government-insured and renovation loans.
Credit Union of Texas mortgage review This institution focused on members in Dallas offers conventional, FHA and VA loans to eligible borrowers.
Ask an Expert