Indiana Seller Closing Cost Calculator

Closing Cost Calculator for Indiana: State Averages

This free calculator can help home sellers in Indiana estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Hoosier State, enter the information for each of the input fields above. You can see typical or state averages for most Indiana seller closing costs below.

Home Selling Price: $258,000

How does your home compare to the state’s median selling price of $258,000? To determine your listing price, you can:

1. Get a preliminary estimate with HomeLight’s free Home Value Estimator

2. Request a Comparative Market Analysis (CMA) from a top Indiana agent

3. Purchase a pre-listing home appraisal (typically $600 in Indiana)

4. Visit this HomeLight map link to compare recently sold homes in Indiana

Mortgage Payoff Amount: $152,712

According to the credit experts at Experian, the average mortgage balance for Indiana homeowners is $152,712. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $6,450–$7,740

A typical listing agent commission in Indiana is 2.5% to 3% of the home’s selling price. On a $258,000 house, your agent’s fee might range from $6,450–$7,740.

Buyer’s Agent Fee: $6,450–$7,740

In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $258,000 median-priced Indiana home, you can expect to pay $6,450–$7,740.

Detailed Closing Costs: $2,322

Closing costs in Indiana average about 0.9% of the home’s sale price. On a median-priced home of $258,000, you might pay $2,322. Below are some of the typical types of closing costs you can expect:

• Home Preparations: These costs can include curb appeal efforts such as house cleaning, landscaping, or staging.
• Renovations/Repairs: Most homes will sell better if you fix or update them to meet buyer expectations. You may also have some required inspection repairs.
• Title Service Fees: Title company work must be completed to verify ownership and help manage the legal transfer of the home.
• Owner’s Title Insurance: Unlike many other states, this fee is typically paid by the buyer in Indiana, but can be paid by the seller as a concession.
• Transfer Taxes: Indiana is one of 14 states that do not levy a state transfer tax on home sales, but some local municipalities might impose a fee.
• Recording Fees: Fees paid to the local government to officially record the change in property ownership.
• Buyer Incentives: Credits or concessions you might offer potential buyers, such as paying the buyer’s agent fees or offering a rate buydown.
• Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Indiana.)
• Moving Expenses: While not technically a closing cost, you might want to include this expense in your overall budget. This expense can range from $883 to $7,000.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Indiana home sale:

• Listing Agent Match platform
• Home Value Estimator
• Best Time to Sell Calculator
• Agent Commissions Calculator
• Net Proceeds Calculator

Want to avoid closing costs and sell fast? Get a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Indiana home to get started. Along with your offer, you’ll also see an estimate of what a top Indiana agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

• Home Affordability Calculator
• Down Payment Calculator
• Closing Costs Calculator
• Buyer’s Agent Match platform