Editor’s note: This is a transcript of the audio file.

In a real estate market flooded with low-priced homes and historically low interest rates, you think you would also find fees associated with buying a home also reduced. I’m Kristin Arnold with your Bankrate.com Personal Finance Minute.

Nationwide, the average origination and title fees on a $200-thousand dollar purchase totaled over four-thousand dollars – that’s an eight-percent jump compared to 2010 when the average closing costs total was just over 37-hundred dollars.

New York sits in first place for the state with the highest closing costs, over 61-hundred dollars; followed by Texas and Utah. New York and Texas have dominated the top spots for the last five years.

Lenders say the increase in price is because of the increase in regulations placed on them. And that in order to adapt to and comply with the new mortgage rules in the last two years they have to spend more money. In other words, it costs more to process and underwrite a loan these days than it did in the past. And they are passing the costs on to the consumers.

Want to know the cheapest closing cost states – just visit Bankrate.com. I’m Kristin Arnold.