Closing Costs
Who Pays Closing Costs in Idaho Falls, Idaho?
How Closing Costs Work in Idaho Falls
Idaho Falls, the largest city in eastern Idaho and the seat of Bonneville County, follows standard Idaho closing cost customs. The division is straightforward: buyers pay costs related to obtaining their loan, and sellers pay costs related to transferring clean title.
Buyer Costs
Lender’s title insurance: All five Bonneville County title companies file the same rate — $3.00 per $1,000 (Idaho DOI 2025 Filed Rates). No shopping needed on rate; compare base fees and minimums instead.
Loan origination: 0.5% to 1%.
Appraisal: $400 to $600.
Inspection: $300 to $500.
Recording: $15 deed + $45 mortgage = $60 (Idaho Code § 31-3205).
Prepaid items: Taxes, insurance, mortgage interest — $1,500 to $3,000.
Seller Costs
Owner’s title insurance: $3.00 per $1,000 of the sale price (uniform in Bonneville County). On a $325,000 home: $975 + base fee ($100–$150). Seller pays by Idaho custom.
Commissions: 5% to 6% ($16,250 to $19,500).
Mortgage release: $15 (Idaho Code § 31-3205).
Transfer tax: $0 — Idaho has no transfer tax at any level.
Idaho Falls Title Companies
Five companies file in Bonneville County: Five companies file, with base fees of $100 to $150 and minimums of $300 to $400.. All charge $3.00/thousand — differentiate by minimums and service quality.
Idaho Falls vs. Boise Costs
Idaho Falls buyers get a better deal on rates — all companies charge $3.00/thousand versus Boise’s $3.00–$3.50 range. Lower median home prices also mean lower absolute costs. The tradeoff is fewer company options (5 vs. 9+).
Fact-checked by TitleThrive Editorial
Sources & Citations
- Idaho Department of Insurance — 2025 Filed Short Term Escrow Rates, Bonneville County
- Idaho Code § 31-3205 — County Recording Fees
Rates and fees referenced in this article are based on data filed with the applicable state department of insurance. Filed rates are subject to change. This content is for educational purposes and does not constitute a title insurance quote, legal advice, or financial advice. Contact a licensed title company for current rates specific to your transaction. Learn about our editorial standards.
Frequently Asked Questions
Who pays closing costs in Idaho Falls?
Buyers pay lender-related fees (title insurance, origination, appraisal, recording). Sellers pay the owner's title insurance, commissions, and mortgage release. All five Bonneville County companies charge the same $3.00/thousand rate per Idaho DOI filed rates.
Are there transfer taxes in Idaho Falls?
No. Idaho has no real estate transfer tax at the state, county, or city level. This applies to all transactions in Idaho Falls and Bonneville County.
Which title company is cheapest in Idaho Falls?
All five companies charge the same $3.00/thousand rate. The lowest minimums are $300 for purchases, compared to $400 depending on the company. The difference matters mainly on lower-priced transactions.
