Closing Cost Averages in Illinois

By
Real Estate Agent with RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago
http://actvra.in/bV

Average Closing Costs per State 2009


The survey was done by Bankrate and Illinois ranked 43rd out of the states for costs.  The average costs for the loan origination was $1279 for the mortgage portion and $1207 for title charges, etc.  The total would be $2486.  Quite respectable compared to other states!

Link to original article State by State Costs


Illinois Closing Costs broken down for a buyer - all costs involved on the average.

closing costs,first time home buyer,buyers agent,real estate buyers agent,average closing costs

This should give you at least a good rough estimate that would be needed for closing or to double check your costs on your Truth and Lending Statement from your lender.

 

*Bankrate.com

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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Topic:
Lending / Financial
Location:
Illinois Cook County Schaumburg
Groups:
Advice for Buyers
Local Expert
Tags:
buyer closing costs
fha closing costs
illinois closing costs

Comments 3 New Comment

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Rainmaker
1,735,043
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.
WHISPERING PINES REALTY

Lyn, I had not thougth of checking this out...Thanks for the tip.

September 22, 2009 09:55 PM
Rainmaker
808,064
Lyn Sims
Schaumburg Homes
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago

Bill:  Gives the averages for buyers so they can check and be sure the lender costs are within normal ranges.

September 23, 2009 08:45 AM
Rainer
3,288
Brian Griffis
Realty Choice

Good information for buyers for sure.  Glad to see our state was further down the list.

September 25, 2009 09:45 PM
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Rainmaker
808,064

Lyn Sims

Schaumburg Homes
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