Closing Cost Estimator
Itemized closing cost breakdown for both buyer and seller. Based on typical Illinois costs — lender fees, title, recording, transfer taxes, prepaids, and more.
Assumes typical Illinois-area costs
Transfer tax, title insurance, and recording fee rates vary a lot by state and even by county. This estimate uses Illinois-area defaults as a starting point — get an actual Loan Estimate from your lender before relying on these numbers.
Property Details
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Remaining balance if selling
Buyer Closing Costs
Lender Fees
Origination Fee (1%)$2,800
Appraisal Fee$550
Credit Report$50
Flood Certification$25
Tax Service Fee$80
Title & Settlement
Title Insurance$1,750
Title Search$350
Settlement Fee$500
Government & Recording
Recording Fees$200
Transfer Tax$1,050
Other
Survey Fee$400
Attorney Fee$800
Prepaids & Escrow
Prepaid Insurance (12 mo)$1,500
Prepaid Taxes (~4 mo)$2,450
Prepaid Interest (~15 days)$748
Escrow Taxes (3 mo)$1,838
Escrow Insurance (3 mo)$375
Total Buyer Costs$15,465
4.4% of home price
Seller Closing Costs
Buyer Agent Commission (2.5%)$8,750
Listing Fee (3%)$10,500
Transfer Tax$1,050
Attorney Fee$700
Title Insurance (seller policy)$1,050
Mortgage Payoff$0
Misc Fees (HOA docs, courier, etc.)$500
Total Seller Costs$22,550
Net Proceeds$327,450
Want the full buying picture?
Turn this estimate into an offer-readiness workbook.
The Real Cost to Buy Workbook adds monthly burn, Conservative / Target / Stretch offers, seller proceeds, renovation risk, debt, paycheck planning, and a blunt offer verdict.
View the workbook