mortgage

2013 Closing costs: States ranked

Closing Costs » Results

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: title insurance, title search, 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.

Closing costs

2013
rank
2012 rankStateLender's
origination fees
Third-party
fees
Origination plus
third-party fees
12Hawaii$1,970$949$2,919
24Alaska$1,925$750$2,675
36South Carolina$1,935$723$2,658
435California$1,977$662$2,639
543New Mexico$1,807$760$2,566
68North Carolina$1,840$718$2,558
718New Jersey$1,804$741$2,545
834Oklahoma$1,919$600$2,519
920Florida$1,798$719$2,517
107Delaware$1,742$760$2,502
1127Ohio$1,803$693$2,496
1211Georgia$1,816$674$2,490
133Texas$1,690$778$2,468
14*26Pennsylvania$1,920$540$2,460
14*13North Dakota$1,797$663$2,460
1624District of Columbia$1,826$623$2,449
1722Montana$1,767$680$2,446
1819Louisiana$1,782$662$2,443
1933Maryland$1,816$624$2,441
2031Tennessee$1,806$631$2,437
2121Connecticut$1,757$680$2,436
2236Maine$1,761$647$2,408
2349Idaho$1,767$641$2,407
2438Iowa$1,757$647$2,403
2541Arkansas$1,782$614$2,396
2628Indiana$1,732$656$2,387
2748Colorado$1,758$625$2,383
2817Kentucky$1,732$649$2,381
2937Arizona$1,752$621$2,372
3046Oregon$1,707$663$2,370
3123Virginia$1,718$650$2,369
3244South Dakota$1,732$617$2,349
3339Alabama$1,721$627$2,348
3415Rhode Island$1,686$660$2,347
3551Nevada$1,642$704$2,346
3610Nebraska$1,656$689$2,345
371New York$1,504$827$2,331
3840Mississippi$1,682$639$2,320
3945Utah$1,663$653$2,316
4050Wyoming$1,678$623$2,301
4114Massachusetts$1,601$699$2,300
4216West Virginia$1,578$705$2,283
4329Minnesota$1,641$612$2,253
4412New Hampshire$1,576$676$2,252
4542Vermont$1,578$667$2,245
469Illinois$1,591$647$2,238
4747Washington$1,603$605$2,208
4832Michigan$1,591$611$2,203
4930Kansas$1,558$635$2,193
5025Missouri$1,542$646$2,188
515Wisconsin$1,438$682$2,119
      
  Average$1,730$672$2,402

*Denotes a tie

The original 2012 closing costs survey ranked the states differently, because the survey included title insurance. The 2013 survey does not include title insurance. To offer an apples-to-apples comparison, closing costs for 2012 were recalculated without title insurance, and states were re-ranked.

Bankrate.com surveyed up to 10 lenders in each state in June 2013 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 credit reports. The survey excludes title insurance, title search, taxes, property insurance, association fees, interest and other prepaid items.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Holden Lewis

Much ado about mortgages

A bunch of agencies are trying to expand the number of would-be homeowners who can qualify for mortgages. But I'm skeptical that these efforts will help many people.  ... Read more

advertisement
Partner Center
advertisement

Connect with us