Bankrate.com has released its most recent look at the most—and least—expensive states for closing costs:
Researchers requested a good faith estimate for a $200,000 loan, assuming a 20 percent down payment and good credit.
The table below ranks the states, from most expensive closing costs to least expensive, by average closing costs charged by the lending industry for a mortgage in each state. Your costs will be higher than shown here because the most highly variable costs are not included: taxes, other government fees and escrow fees.
Here are the most expensive states:
Here are the least expensive states:
Victor Lund of CA @ Sep 17, 2009 14:47:52 PM
Chiqui of NY @ Sep 17, 2009 14:44:45 PM