mortgage

Closing costs: States ranked

The table below ranks states by average closing costs, from most expensive to least expensive. Your final charges probably will be higher than shown here because the most highly variable costs are not included: taxes, other government fees and escrow fees.

Bankrate requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in each state, plus Washington, D.C. The hypothetical loan was for a purchase of a single-family house in the state's largest city, using a 20 percent down payment, with excellent credit. An asterisk denotes a tie in the rankings.

States ranked by closing costs
2012 rank	2011 rank	State	Origination	Title and closing	2012 total
1	1	New York	$1,813	$3,622	$5,435
2	2	Texas	$1,701	$2,918	$4,619
3	9	Pennsylvania	$1,717	$2,751	$4,467
4	12	Florida	$1,623	$2,772	$4,395
5	*7	Oklahoma	$1,604	$2,748	$4,352
6	10	Hawaii	$1,769	$2,500	$4,269
7	*7	New Jersey	$1,568	$2,507	$4,075
8	20	Louisiana	$1,626	$2,420	$4,046
9	*15	Massachusetts	$1,607	$2,377	$3,984
10	11	District of Columbia	$1,633	$2,319	$3,952
11	18	Ohio	$1,615	$2,318	$3,933
12	37	West Virginia	$1,602	$2,283	$3,885
13	23	Wisconsin	$1,713	$2,157	$3,870
14	6	California	$1,556	$2,299	$3,854
15	13	Alaska	$1,571	$2,281	$3,852
*16	*26	Delaware	$1,614	$2,236	$3,850
*16	19	Arizona	$1,581	$2,269	$3,850
18	*26	Illinois	$1,699	$2,116	$3,815
19	36	Georgia	$1,677	2,134	$3,811
20	22	Wyoming	$1,470	$2,303	$3,773
21	28	Michigan	$1,596	$2,169	$3,764
22	35	Tennessee	$1,587	$2,160	$3,747
*23	3	Utah	$1,542	$2,182	$3,724
*23	5	Idaho	$1,471	$2,253	$3,724
25	25	Nebraska	$1,643	$2,070	$3,713
26	32	Connecticut	$1,603	$2,099	$3,702
27	41	Rhode Island	$1,646	$2,040	$3,686
28	31	South Carolina	$1,654	$2,027	$3,681
29	38	Virginia	$1,602	$2,046	$3,648
30	14	New Mexico	$1,480	$2,137	$3,617
31	34	Mississippi	$1,540	$2,072	$3,612
32	45	Kentucky	$1,654	$1,957	$3,611
33	46	New Hampshire	$1,635	$1,957	$3,591
34	44	Montana	$1,579	$2,004	$3,583
35	42	Maryland	$1,585	$1,997	$3,582
36	21	North Dakota	$1,643	$1,931	$3,574
37	17	Minnesota	$1,624	$1,935	$3,559
38	39	Vermont	$1,513	$2,039	$3,551
39	51	North Carolina	$1,642	$1,894	$3,536
40	43	South Dakota	$1,540	$1,994	$3,534
41	24	Oregon	$1,480	$2,029	$3,509
42	48	Alabama	$1,556	$1,951	$3,507
43	40	Maine	$1,551	$1,906	$3,458
44	33	Washington	$1,535	$1,883	$3,418
45	*15	Nevada	$1,352	$2,062	$3,414
46	50	Indiana	$1,575	$1,787	$3,362
47	52	Arkansas	$1,575	$1,750	$3,325
48	49	Iowa	$1,547	$1,710	$3,257
49	30	Colorado	$1,512	$1,687	$3,199
50	29	Kansas	$1,586	$1,607	$3,193
51	47	Missouri	$1,553	$1,453	$3,006

		Average	$1,595	$2,159	$3,754
		Median	$1,596	$2,099	$3,702
		Standard deviation	$79	$359	$402

		Average $ difference 2011-12	-$17	-$284	-$301
		Average % difference 2011-12	-1.05%	-11.61%	-7.41

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*denotes a tie

Bankrate.com surveyed up to 10 lenders in each state in June 2012 and obtained online good faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment in the state's largest city. 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.