2011 Closing Costs Survey
mortgage
Virginia closing costs

2011 Closing Costs Survey » United States » Virginia Closing Costs

Loan amount: $200,000
Virginia closing costs
Overview
Average origination fees charged by lender$1,450
Average title and third-party fees$2,295
Average total fees$3,745

Itemized fee averages
The fees itemized below, when added up, will not equal the averages listed above. Here's why: Each bank charges some of the fees listed below, but not all of them. The list below gives the average for each fee if charged by the bank, but each bank will charge only some, not all, of these fees.

Origination fees charged by the lender
Points$587
Application$245
Commitment fee$615
Document preparation$73
Broker, originator or lender$940
Processing$495
Tax service$72
Underwriting$113
Wire transfer$25
Third-party fees
Appraisal$390
Attorney, closing or settlement$549
Credit report$11
Flood certification$10
Employment verification$15
Inspections (pest, etc.)$125
Postage/courier$75
Survey$465
Title search and title insurance$1,546

Select a state:

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 results page.

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