Closing Cost Estimator
Know your cash to close.
Estimate the total cash needed on closing day — down payment, closing costs, and prepaid expenses combined.
Estimated cash to close
$142,025
Estimates only. Final amounts are determined by your lender, attorney, title company, and the specific details of your transaction.
What you're paying for
Illinois closing costs, explained.
Illinois buyer closing costs typically total 2–3% of the purchase price. Here's what each line item actually covers.
Earnest money
A good-faith deposit — usually 1–2% of the purchase price — held in escrow when your offer is accepted. It applies to your down payment at closing and is refundable during contingency periods.
Home inspection
A licensed inspector reviews the property's structure, roof, mechanicals, and safety. Typically $400–$700. Sewer scopes and radon add $150–$300 each and are highly recommended.
Attorney fees
Illinois is an attorney-review state. Your real estate attorney reviews the contract, negotiates inspection issues, and handles title and closing. Flat fees typically run $600–$1,200.
Title & recording fees
Title insurance protects you and your lender against ownership disputes. Together with recording fees and transfer stamps (Chicago charges the buyer $7.50/$1,000), this line often runs $2,000–$4,500.
Lender fees & appraisal
Origination, underwriting, credit report, and appraisal fees are set by your lender — typically $2,500–$4,000 combined. Always compare Loan Estimates side by side.
Prepaid items
At closing you'll prepay several months of property taxes and homeowners insurance into escrow, plus per-diem interest from closing day to month-end. Budget for roughly 6 months of taxes + 1 year of insurance.