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Mortgage closing costs by state: 2004

Closing Costs » Mortgage Closing Costs By State: 2004

Bankrate.com researchers gathered closing-cost information from 50 states and the District of Columbia. Below, ranked from most-expensive to least-expensive, are the average total closing costs charged for a mortgage, in each state.

Closing costs by state

RankStates -- ranked by costClosing cost
1Pennsylvania$9,826
2Delaware$8,928
3Maryland$8,623
4Hawaii$8,063
5New York$7,770
6DC$7,111
7New Hampshire$6,946
8Florida$6,834
9Vermont$6,694
10New Jersey$6,278
11Tennessee$6,075
12Rhode Island$5,800
13Maine$5,797
14Connecticut$5,593
15Mississippi$5,572
16Michigan$5,558
17Minnesota$5,492
18Georgia$5,412
19Massachusetts$5,350
20Virginia$5,339
21Louisiana$5,335
22Illinois$5,306
23Iowa$5,241
24Kentucky$5,205
25Oregon$5,146
26Kansas$5,070
27West Virginia$5,031
28Oklahoma$5,020
29South Carolina$5,011
30California$5,002
31Arkansas$4,869
32Ohio$4,845
33Alabama$4,796
34Wyoming$4,792
35Wisconsin$4,782
36Missouri$4,715
37Indiana$4,703
38Washington$4,698
39Texas$4,690
40North Dakota$4,664
41Idaho$4,640
42North Carolina$4,546
43Colorado$4,505
44New Mexico$4,505
45South Dakota$4,493
46Arizona$4,419
47Alaska$4,359
48Montana$4,314
49Nevada$4,193
50Utah$4,057
51Nebraska$3,749
   
 Average$6,880

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.73% 3.65%
15 yr fixed mtg
2.85% 2.79%
5/1 ARM
2.60% 2.59%
30 yr fixed mtg refi
3.72% 3.64%
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