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Monday, August 5, 2013
Hawaii Highest Closing Costs in Nation
By Selected News Articles @ 5:36 PM :: 5686 Views :: Small Business, Cost of Living

Closing costs: States ranked

From Bankrate.com 

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.

(Hawaii moved up from #2 to #1 as New York dropped from #1 to #37.) 

Closing costs

2013
rank
2012 rank† State Lender's
origination fees
Third-party
fees
Origination plus
third-party fees
1 2 Hawaii $1,970 $949 $2,919


Link: Breakdown of Hawaii Closing Costs

Read ... Bankrate.com

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