Iowa Closing Costs Calculator
Estimate closing costs for buying a home in Iowa. Average closing costs run 1.0% of the purchase price (about $2K on the median home).
Iowa: Avg closing costs 1.0% of price. Transfer tax: 0.16%.
Lender Fees
$1,937
origination, underwriting
Third-Party
$2,500
appraisal, title, inspection
Government Fees
$336
transfer taxes, recording
Prepaids + Escrow
$4,201
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,512
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,350
Recording Fee$150
Transfer Tax$336
Prepaid Taxes (3 mo)$798
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$505
Escrow Reserves$1,098
Total Closing Costs$8,974
Iowa Housing at a Glance
Median Home Price
$210K
Iowa statewide
Property Tax Rate
1.52%
$266/mo on median
Avg Closing Costs
$2K
1.0% of purchase price
Homeowners Insurance
$1,800/yr
$150/mo
Iowa First-Time Buyer Program
IFA FirstHome
Down payment assistance: $2,500 grant