Illinois Closing Cost Estimator
Closing costs in Illinois typically run 2–5% of the purchase price. Enter a home price for a line-by-line estimate of what you'd pay — before you're surprised at the closing table.
Estimates only. Your actual costs appear on your official Loan Estimate (Section J) — lenders are required to disclose them within 3 business days of your application. County transfer tax and title costs vary by county.
Estimated total closing costs
$16,005
About 4.00% of the $400,000 purchase price.
| Fee | Estimated amount |
|---|---|
| Origination / lender fees (est.) | $4,000 |
| Title search & insurance (est.) | $2,700 |
| IL transfer tax — state ($1.50/$1,000) | $600 |
| IL transfer tax — county (Cook $0.75/$1,000, varies) | $300 |
| Recording fees (est.) | $250 |
| Attorney fee (est.) | $750 |
| Appraisal (est.) | $550 |
| Prepaid interest (15 days est.) | $855 |
| Escrow reserves (est.) | $6,000 |
| Estimated total | $16,005 |
Note: This estimator provides a rough affordability picture only. It is NOT a pre-approval, pre-qualification decision, or commitment to lend. Only a licensed loan officer reviewing your full application can determine what you qualify for.
Important: All calculations on this site are estimates for educational purposes only and do not constitute a loan offer, approval, or commitment to lend. Your actual rate, payment, and terms depend on credit approval and will be provided by your loan officer.
How this works
- Illinois specifics: the state transfer tax is $1.50 per $1,000 of price; counties add their own (Cook County is $0.75 per $1,000 — others vary). Illinois closings also typically involve an attorney.
- Prepaids and escrows (interest, tax/insurance reserves) aren't lender profit — they fund your escrow account — but you still bring the cash to closing.
- These are simplified statewide estimates. Your Loan Estimate — the only document that matters — replaces every number here with lender-quoted figures.
Want me to decode an actual Loan Estimate with you? Bring it to me — I read these for a living.