Indiana closing cost calculator

Indiana buyers pay no transfer or mortgage tax. Because property taxes are paid a year in arrears, the buyer usually receives a credit from the seller at closing.

Indiana’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

Indiana: No state transfer tax. Owner’s title is usually paid by the seller.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $54,496

2.2%closing costs

Purchase price$245,000
Down payment (20%)$49,000
- Loan amount$196,000
Loan costs+$2,660
- Origination and lender feesest.+$1,960
- Appraisalest.+$700
Title and closing+$1,350
- Lender’s title insuranceest.+$500
- Settlement or escrow feeest.+$600
- Recording feesest.+$250
Taxes−$2,269
- Property tax credit from the sellerest.−$2,269
Prepaids and escrow+$3,305
- Homeowner’s insurance, first yearest.+$1,500
- Prepaid interest (27 days)est.+$942
- Property tax escrow (3 months)est.+$613
- Insurance escrow (2 months)est.+$250
Other costs+$450
- Home inspectionest.+$450
Cash to close$54,496

Estimated monthly payment$1,568

Principal and interest$1,239
Mortgage insurance$0
Property taxes$204
Insurance$125
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

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A Indiana purchase, worked out

The calculator opens on $245,000, about the median value of an owner-occupied home in Indiana ($243,500, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $54,496: $49,000 down and $5,496 in closing costs, 2.2% of the price. Indiana charges the buyer no state transfer or mortgage tax. The monthly payment comes to about $1,568, with property tax and insurance.

Cash to close on $245,000, 20% down
Down payment	$49,000
Origination and lender feesest.	+$1,960
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Settlement or escrow feeest.	+$600
Recording feesest.	+$250
Property tax credit from the sellerest.	−$2,269
Homeowner’s insurance, first yearest.	+$1,500
Prepaid interest (27 days)est.	+$942
Property tax escrow (3 months)est.	+$613
Insurance escrow (2 months)est.	+$250
Home inspectionest.	+$450
Cash to close	$54,496

Estimates are tagged “est.”; Indiana’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

Indiana has no state tax of its own on the buyer. Each row has 20% down on a conventional loan.

Price	Indiana’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	—	$5,522	$55,522	$1,597
$500,000	—	$7,960	$107,960	$3,153
$750,000	—	$10,850	$160,850	$4,730
$1,000,000	—	$13,800	$213,800	$6,307
$2,000,000	—	$25,599	$425,599	$12,613

Buying in Indiana: what to know

No buyer’s taxes

Indiana has no buyer-paid transfer or mortgage tax. Beyond recording fees, the only state charge is the $20 sales disclosure fee if the contract assigns it to the buyer.

No state transfer tax

Indiana has no real estate transfer tax. A $20 fee is paid to the county auditor with the sales disclosure form, and the contract says who pays it.

Title insurance

Indiana is a seller-pay state: the seller customarily furnishes and pays for the owner’s policy.

Who runs the closing

Title companies typically close Indiana sales. An attorney isn’t required.

Property taxes and escrow

Indiana taxes assessed for one year are due in two installments, May 10 and November 10, of the following year. At closing the seller credits the buyer for all accrued unpaid tax, which is often more than a full year.

Buying in Indiana: questions

What taxes does a buyer pay in Indiana?

None on the transfer or the mortgage. The only state charge is the $20 sales disclosure fee, which the contract assigns.

When will I pay my first property tax bill in Indiana?

Indiana taxes for one year are due the next year, on May 10 and November 10. The seller’s credit at closing covers the tax for their time in the home.

Who closes a home sale in Indiana?

Title companies close most Indiana sales; an attorney isn’t required.

How much are closing costs in Indiana?

On a $245,000 home with 20% down on a conventional loan, the calculator’s estimates put a Indiana buyer’s closing costs at about $5,496, or 2.2% of the price, and cash to close at $54,496. Indiana charges the buyer no state transfer or mortgage tax. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

Is anything I type saved?

No. The calculator runs in your browser and sends nothing to us. A copied link carries the numbers in the address itself, so only people you share it with can open them.