Buying or selling a home in Iowa involves more than just the sale price. Before you get the keys—or hand them over—you’ll likely need to pay for several services that finalize the sale. These are called closing costs.
Our Iowa Real Estate Closing Costs Calculator helps you estimate what those fees will look like so you can plan ahead and avoid surprises.
Purchase Price
This is the total amount the buyer is paying for the home. Most of your other costs are based on this number.
Loan Amount
If you're taking out a mortgage, enter the amount you're borrowing. If you're paying in cash, you can leave this blank.
Property Tax Proration
In Iowa, the seller often prepays property taxes. The buyer reimburses the seller for their share of the year. This is your portion of that reimbursement.
Title Search & Insurance Fees
These are costs for researching the history of the property to make sure there are no legal issues. Title insurance protects you if problems show up later.
Recording Fees
The county charges a fee to officially record the new deed. This puts your ownership on public record.
Attorney Fees
In Iowa, buyers and sellers often hire attorneys to help with contracts, title issues, and the closing itself. Enter what your attorney charges here.
Transfer Tax
Iowa charges $1.60 for every $500 of the sale price over the first $500. If you don’t know the exact number, our calculator can figure it out for you automatically.
Miscellaneous Costs
These can include things like courier fees, wire transfers, or homeowners' association (HOA) dues if the property is part of a managed community.
Once you fill in the fields, you’ll see a total at the bottom. That number gives you a rough estimate of your total closing costs—the amount you might need to have ready on closing day.
This tool helps both buyers and sellers understand what to expect, so you’re not caught off guard during a major transaction.
If you're buying or selling a home in Iowa and want help reviewing your contract, handling title issues, or understanding your rights, our team at O’Flaherty Law is here to help. Reach out today, and let’s make closing day stress-free.
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