How much are closing costs in Illinois?
A buyer in Illinois pays about $6,424 in closing costs on a $325,000 home. That is 2% of the price, plus about $4,658 of prepaids. A seller pays about $3,895 (1.2%) before commission, or $20,145 with a 5% commission.
Below is each buyer and seller cost in Illinois, line by line, and who pays it by custom. Rates checked 2026-09-30.
Free Illinois seller net sheet calculator
Change any number and the local costs update.
| Real estate commission (5%) | −$16,250 |
| First mortgage payoff | −$195,000 |
| State real estate transfer tax | −$325 |
| County real estate transfer tax | −$163 |
| Release / satisfaction recording | −$107 |
| Title insurance and settlement | −$3,250 |
| Other closing fees | −$50 |
| Estimated net to seller | $109,856 |
Who pays closing costs in Illinois?
Each side pays its own costs. Seller pays the owner's policy in Illinois. In Illinois, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. An attorney usually runs the closing. By custom, one is required. The table shows a $325,000 sale at statewide rates. The contract can change who pays.
| Cost | Paid by | Seller | Buyer |
|---|---|---|---|
| State real estate transfer tax | Seller | $325 | – |
| County real estate transfer tax | Seller | $163 | – |
| Owner's title insurance policy | Seller | $1,400 | – |
| Lender's title insurance policy | Buyer | – | $350 |
| Lender-required endorsements | Buyer | – | $150 |
| Settlement / closing fee | Each side | $600 | $600 |
| Seller's attorney fee | Seller | $700 | – |
| Buyer's attorney fee | Buyer | – | $800 |
| Survey | Seller | $550 | – |
| Deed recording fee | Buyer | – | $107 |
| Release / satisfaction recording | Seller | $107 | – |
| Mortgage recording fee | Buyer | – | $107 |
| Wire / courier / payoff processing | Seller | $50 | – |
| Loan origination (1%) | Buyer | – | $2,600 |
| Appraisal | Buyer | – | $550 |
| Credit report | Buyer | – | $60 |
| Underwriting / processing | Buyer | – | $995 |
| Flood certification | Buyer | – | $25 |
| Tax service fee | Buyer | – | $80 |
How much do buyers pay at closing in Illinois?
A Illinois buyer pays about $6,424 in closing costs on a $325,000 home with 20% down. That covers lender fees, the lender's title policy and recording. Prepaid interest, insurance and escrow add about $4,658. The seller's property tax credit takes off $6,844. With the $65,000 down payment, cash to close is about $69,239. That is for a July 1 closing, the same as the calculator.
How much are seller closing costs in Illinois?
A Illinois seller pays about $3,895 before commission on a $325,000 sale. The costs are: state real estate transfer tax, county real estate transfer tax, owner's title insurance policy, settlement / closing fee, seller's attorney fee. With a 5% commission, the total is about $20,145. The loan payoff and the property tax proration also come out of the proceeds.
How do Illinois closing costs change with price?
They go up with the price. On a $1,000,000 home, a buyer pays about $11,824. A seller pays about $6,982 before commission.
| Sale price | Buyer closing costs | Seller costs before commission | Transfer tax |
|---|---|---|---|
| $250,000 | $5,824 | $3,482 | $375 |
| $325,000 typical home | $6,424 | $3,895 | $488 |
| $500,000 | $7,824 | $4,857 | $750 |
| $1,000,000 | $11,824 | $6,982 | $1,500 |
Do closing costs in Illinois change by county?
No. Closing costs are the same in all 102 Illinois counties on a $325,000 sale. The buyer pays $6,424 and the seller $3,895 before commission. No county or city adds its own transfer tax or changes who pays for title.
Are closing costs high in Illinois?
Yes. Illinois is on the high side. It ranks 36 of 51 for buyer plus seller closing costs as a share of the price, where 1 is the lowest. They come to 3.2% of the typical home value. See closing costs in every state.
Illinois closing cost questions
How much are closing costs in Illinois?
A buyer in Illinois pays about $6,424 in closing costs on a $325,000 home. That is 2% of the price, plus about $4,658 of prepaids. A seller pays about $3,895 (1.2%) before commission, or $20,145 with a 5% commission. Taxes, title and lender fees change with the price and the county.
Who pays closing costs in Illinois?
Each side pays its own. Seller pays the owner's policy in Illinois. The buyer pays the lender's fees, the lender's title policy and most recording fees. Transfer tax: State real estate transfer tax, paid by the seller. The contract can change any of this.
How much are closing costs for a buyer in Illinois?
About $6,424 on a $325,000 home with 20% down. That is 2% of the price. Prepaid interest, insurance and escrow add about $4,658. The seller's property tax credit takes off $6,844. With the $65,000 down payment, cash to close is about $69,239.
How much are seller closing costs in Illinois?
About $3,895 on a $325,000 sale before commission (1.2%). With a 5% commission, the total is about $20,145. The loan payoff and the property tax proration also come out of the seller's proceeds.
Does Illinois have a transfer tax?
Yes. On a $325,000 home, the transfer tax is about $488 at statewide rates. Some counties and cities differ. The Illinois transfer tax calculator lists every rate.
Is there a free closing cost calculator for Illinois?
Yes. The calculator on this page uses Illinois rates and local customs, for a seller or a buyer. The full NetSheet.org calculator adds prorations, credits and a PDF. Both are free.
Run Illinois closing costs for a real address.
Free to use. No account needed to try it.