mortgage

Closing costs by state

2011 Closing Costs Survey » Results

Researchers requested a good faith estimate for a $200,000 loan, assuming a 20 percent down payment and good credit.

The table below ranks the states, from most expensive closing costs to least expensive, by average closing costs charged by the lending industry for a mortgage in each state. Your costs will be higher than shown here because the most highly variable costs are not included: taxes, other government fees and escrow fees.

Bankrate surveyed one city in 49 states, two cities in California -- Los Angeles and San Francisco -- and the District of Columbia. An asterisk below denotes a tie. 

Closing costs

2011 rank2010 rankStateOrigination feeTitle and closing fee2011 Total
11New York$2, 210$3,972$6,183
22Texas$1,951$2,994$4,944
33Utah$1,680$3,226$4,906
44California - San Francisco$1,725$3,106$4,832
510Idaho$1,651$2,992$4,643
65California - Los Angeles$1,725$2,898$4,624
7*7Oklahoma$1,605$2,984$4,589
7*9New Jersey$1,406$3,183$4,589
98Pennsylvania$1,645$2,877$4,522
1036Hawaii$1,795$2,726$4,521
1122District of Columbia$1,477$3,003$4,479
1212Florida$1,445$2,973$4,418
136Alaska$1,828$2,569$4,397
1433New Mexico$1,593$2,695$4,288
15*11Massachusetts$1,594$2,650$4,244
15*34Nevada$1,673$2,571$4,244
1717Minnesota$1,657$2,550$4,206
1813Ohio$1,611$2,554$4,165
1915Arizona$1,632$2,517$4,150
2018Louisiana$1,630$2,511$4,141
2121North Dakota$1,676$2,456$4,132
2216Wyoming$1,654$2,443$4,097
2348Wisconsin$1,806$2,273$4,080
2447Oregon$1,723$2,266$3,989
2526Nebraska$1,663$2,308$3,971
26*23Delaware$1,519$2,448$3,967
26*31Illinois$1,538$2,430$3,967
2820Michigan$1,539$2,427$3,965
2925Kansas$1,616$2,281$3,897
3041Colorado$1,608$2,263$3,871
3129South Carolina$1,647$2,209$3,856
3239Connecticut$1,430$2,412$3,843
3327Washington$1,580$2,251$3,831
3446Mississippi$1,630$2,199$3,829
3532Tennessee$1,501$2,316$3,817
3628Georgia$1,526$2,269$3,796
3724West Virginia$1,453$2,296$3,749
3819Virginia$1,450$2,295$3,745
3940Vermont$1,605$2,139$3,744
4037Maine$1,608$2,122$3,730
4114Rhode Island$1,555$2,150$3,705
4238Maryland$1,533$2,160$3,692
4342South Dakota$1,558$2,124$3,682
4449Montana$1,548$2,110$3,657
4545Kentucky$1,525$2,102$3,627
4643New Hampshire$1,613$1,978$3,591
4744Missouri$1,482$2,042$3,524
4830Alabama$1,604$1,898$3,501
4950Iowa$1,627$1,847$3,474
5035Indiana$1,534$1,897$3,430
5151North Carolina$1,571$1,839$3,410
5252Arkansas$1,493$1,886$3,378
      
  Average$1,614$2,456$4,070

*denotes a tie

Bankrate.com surveyed up to 10 lenders in each state in June 2011 and obtained online good faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals and title insurance. The survey excludes taxes, property insurance, association fees, interest and other prepaid items.

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