Cross Border Real Estate: Comparing 2025 Closing Costs in NW Indiana vs Chicago

How do closing costs differ between Northwest Indiana and Chicago, IL in 2025? Here’s a data-backed breakdown for home buyers comparing both sides of the border.

Understanding 2025 Closing Costs in the Chicago Metro Area

Buying a home comes with more than just the purchase price. Local fees, property taxes, and city-specific charges can significantly impact your final costs. For buyers exploring both Illinois and Indiana suburbs, here’s what to expect this year.

Key Differences in Closing Costs: Illinois vs. Indiana

1. Transfer Taxes & Local Fees

Fee Type

Chicago (IL)

NW Indiana (e.g., Munster)

City Transfer Tax

$3.75 per $500 (buyer pays)

$0.00

County Transfer Tax

$0.50 per $500 (seller pays)

$0.00

Zoning Certificate

$120–$150 (seller pays)

Not required

Water Cert / Final Water

~$50–$100 (seller) + final bill

Typically final bill only

Title Fees

Often bundled, higher in IL

Lower in most IN counties

2. Typical Buyer Closing Costs

In general:

  • Illinois: 2.5%–3.5% of purchase price
  • Indiana: 1.5%–2.5% of purchase price

Dual-licensed tip: Because Realex Realty (如一地产) is licensed in both states, we often advise buyers to calculate based on the net-to-close, not just list price.

Comparing Property Taxes: Naperville, Wilmette, Schaumburg vs. Munster

Area

Avg Home Value (2025)

Est. Annual Property Tax

Tax Rate Estimate

Naperville

$600,000

~$13,500

~2.25%

Wilmette

$850,000

~$17,500

~2.05%

Schaumburg

$400,000

~$10,000

~2.50%

Munster, IN

$350,000

~$4,000

~1.15%

Takeaway: Indiana’s property taxes can be less than half of those in nearby Illinois towns — an important factor for long-term ownership cost.

What’s Included in Illinois vs Indiana Closing Statements?

Illinois (Chicago & Suburbs):

  • Transfer taxes (city + county)
  • Attorney fee (buyer & seller)
  • Zoning certificate
  • Paid water certificate & final bill
  • Title insurance, escrow, and recording fees

Indiana (e.g., Lake County):

  • Title, escrow, and recording fees
  • Final water/sewer bill
  • Typically no transfer taxes
  • Attorney optional (though still recommended)

How to Choose Between IL & IN: 5 Factors to Consider

  1. Estimate net closing costs: Factor in all local fees.
  2. Compare property tax rates: Consider long-term impact.
  3. Check commute & amenities: Indiana often wins on taxes, IL on transit access.
  4. Work with a dual-licensed agent: Like Realex Realty, who understands both markets.
  5. Look at resale trends: Some IL suburbs hold value better; IN is growing fast.

Are closing costs higher in Illinois or Indiana in 2025?

On average, Illinois closing costs are higher due to city transfer taxes and more municipal fees. Indiana buyers generally pay 1–1.5% less.

How do property taxes compare between Chicago suburbs and NW Indiana?

Illinois suburbs like Naperville and Wilmette have property taxes over 2%, while Munster, IN averages closer to 1.15%, cutting long-term costs significantly.

Do I need different agents in Illinois and Indiana?

Only if your agent isn’t licensed in both states. Realex Realty is dual-licensed in IL and IN, so we can help you compare and buy in either.

Is the buying process different between the two states?

The general process of finding a home to closing is the same. But there are some elements that are different. Illinois typically involves attorneys and more municipal requirements. Indiana is simpler but still benefits from guidance.

Ready to Compare Options Across State Lines?

Realex Realty is licensed in both Illinois and Indiana, giving you more flexibility, a wider selection of homes, and expert insight into both markets.

Explore Buying Options or learn about Selling in Illinois or Indiana

Low Commission · Quality Service — That’s our promise, wherever you move.

🔗 For property tax info, visit Cook County Treasurer’s site.