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 rank | 2010 rank | State | Origination | Title and
closing | 2011 total |
| 1 | 1 | New York | $2, 210 | $3,972 | $6,183 |
| 2 | 2 | Texas | $1,951 | $2,994 | $4,944 |
| 3 | 3 | Utah | $1,680 | $3,226 | $4,906 |
| 4 | 4 | California - San Francisco | $1,725 | $3,106 | $4,832 |
| 5 | 10 | Idaho | $1,651 | $2,992 | $4,643 |
| 6 | 5 | California - Los Angeles | $1,725 | $2,898 | $4,624 |
| 7* | 7 | Oklahoma | $1,605 | $2,984 | $4,589 |
| 7* | 9 | New Jersey | $1,406 | $3,183 | $4,589 |
| 9 | 8 | Pennsylvania | $1,645 | $2,877 | $4,522 |
| 10 | 36 | Hawaii | $1,795 | $2,726 | $4,521 |
| 11 | 22 | District of Columbia | $1,477 | $3,003 | $4,479 |
| 12 | 12 | Florida | $1,445 | $2,973 | $4,418 |
| 13 | 6 | Alaska | $1,828 | $2,569 | $4,397 |
| 14 | 33 | New Mexico | $1,593 | $2,695 | $4,288 |
| 15* | 11 | Massachusetts | $1,594 | $2,650 | $4,244 |
| 15* | 34 | Nevada | $1,673 | $2,571 | $4,244 |
| 17 | 17 | Minnesota | $1,657 | $2,550 | $4,206 |
| 18 | 13 | Ohio | $1,611 | $2,554 | $4,165 |
| 19 | 15 | Arizona | $1,632 | $2,517 | $4,150 |
| 20 | 18 | Louisiana | $1,630 | $2,511 | $4,141 |
| 21 | 21 | North Dakota | $1,676 | $2,456 | $4,132 |
| 22 | 16 | Wyoming | $1,654 | $2,443 | $4,097 |
| 23 | 48 | Wisconsin | $1,806 | $2,273 | $4,080 |
| 24 | 47 | Oregon | $1,723 | $2,266 | $3,989 |
| 25 | 26 | Nebraska | $1,663 | $2,308 | $3,971 |
| 26* | 23 | Delaware | $1,519 | $2,448 | $3,967 |
| 26* | 31 | Illinois | $1,538 | $2,430 | $3,967 |
| 28 | 20 | Michigan | $1,539 | $2,427 | $3,965 |
| 29 | 25 | Kansas | $1,616 | $2,281 | $3,897 |
| 30 | 41 | Colorado | $1,608 | $2,263 | $3,871 |
| 31 | 29 | South Carolina | $1,647 | $2,209 | $3,856 |
| 32 | 39 | Connecticut | $1,430 | $2,412 | $3,843 |
| 33 | 27 | Washington | $1,580 | $2,251 | $3,831 |
| 34 | 46 | Mississippi | $1,630 | $2,199 | $3,829 |
| 35 | 32 | Tennessee | $1,501 | $2,316 | $3,817 |
| 36 | 28 | Georgia | $1,526 | $2,269 | $3,796 |
| 37 | 24 | West Virginia | $1,453 | $2,296 | $3,749 |
| 38 | 19 | Virginia | $1,450 | $2,295 | $3,745 |
| 39 | 40 | Vermont | $1,605 | $2,139 | $3,744 |
| 40 | 37 | Maine | $1,608 | $2,122 | $3,730 |
| 41 | 14 | Rhode Island | $1,555 | $2,150 | $3,705 |
| 42 | 38 | Maryland | $1,533 | $2,160 | $3,692 |
| 43 | 42 | South Dakota | $1,558 | $2,124 | $3,682 |
| 44 | 49 | Montana | $1,548 | $2,110 | $3,657 |
| 45 | 45 | Kentucky | $1,525 | $2,102 | $3,627 |
| 46 | 43 | New Hampshire | $1,613 | $1,978 | $3,591 |
| 47 | 44 | Missouri | $1,482 | $2,042 | $3,524 |
| 48 | 30 | Alabama | $1,604 | $1,898 | $3,501 |
| 49 | 50 | Iowa | $1,627 | $1,847 | $3,474 |
| 50 | 35 | Indiana | $1,534 | $1,897 | $3,430 |
| 51 | 51 | North Carolina | $1,571 | $1,839 | $3,410 |
| 52 | 52 | Arkansas | $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.
« Back to the 2011 Closing Costs Survey.