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Exclusive   2008 closing costs study
  STATISTIC: Oregon jumped from 41st to 20th most expensive  
  closing costs in 2008.  
   
   
State-by-state costs

Closing costs averages: New Mexico

 
Closing costs
New Mexico Loan amount: $200,000
Item Albuquerque, N.M.
Origination fees
Points ($) $850.00
Application fee $340.00
Commitment fee $565.00
Document preparation $285.00
Funding fee $0.00
Origination or lender fees $1,367.00
Processing $399.17
Tax service $59.00
Underwriting $225.00
Wire transfer $0.00
 
Title and closing
Appraisal $291.67
Attorney, closing or
settlement fee
$389.78
Credit report $16.20
Flood certification $11.98
Pest, other inspection $62.50
Postage/courier $28.19
Survey $228.33
Title insurance $1,208.83
Title work: title search, plat drawing, name search, endorsements $65.00
 
Total origination $1,717.00
Total title and closing $1,749.00
Total origination plus title $3,466.00
-- Posted: Aug. 7, 2008
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