Tag Archives: Survey Tracks Where Closing Costs Are Highest

Closing costs have climbed 6 percent in the past year, according to a new survey by Bankrate.com. On a $200,000 single-family loan, borrowers with great credit who are making a 20 percent down payment are paying $2,402, on average, in closing costs nationwide. But closing costs vary greatly from lender to lender as well as from state to state. The states with the highest average closing costs, according to Bankrate’s survey: Hawaii: $2,919 Alaska: $2,675 South Carolina: $2,658 California: $2,639 New Mexico: $2,566 Meanwhile, the states with the lowest averages […]