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How High Have Georgia’s Closing Costs Soared?

Staff Report From Georgia CEO

Wednesday, August 10th, 2016

The table below lists states alphabetically with their average closing costs. Check your state for a detailed summary of average fees. 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, escrow fees and discount points.

Bankrate requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in a large city in each state, plus Washington, D.C. The hypothetical loan was for a purchase of a single-family house, using a 20% down payment, with excellent credit.

Average closing costs by state

State

Origination fees

3rd-party fees

Total

 

 

 

 

Average

$1,058

$1,070

$2,128

Alabama

$1,062

$1,127

$2,189

Alaska

$1,048

$1,209

$2,257

Arizona

$1,063

$1,009

$2,071

Arkansas

$1,005

$958

$1,963

California

$1,144

$1,113

$2,257

Colorado

$1,057

$933

$1,990

Connecticut

$1,066

$1,248

$2,313

Delaware

$1,047

$1,311

$2,358

District of Columbia

$1,183

$1,030

$2,213

Florida

$1,123

$1,057

$2,180

Georgia

$1,155

$1,148

$2,303

Hawaii

$1,207

$1,448

$2,655

Idaho

$1,053

$1,055

$2,108

Illinois

$1,080

$1,000

$2,079

Indiana

$1,065

$992

$2,057

Iowa

$1,013

$1,094

$2,107

Kansas

$1,002

$970

$1,972

Kentucky

$932

$942

$1,874

Louisiana

$1,034

$1,130

$2,164

Maine

$1,064

$1,121

$2,185

Maryland

$1,180

$1,049

$2,229

Massachusetts

$1,056

$1,216

$2,273

Michigan

$1,049

$989

$2,038

Minnesota

$1,033

$997

$2,030

Mississippi

$1,132

$1,043

$2,175

Missouri

$1,000

$926

$1,926

Montana

$1,016

$1,026

$2,042

Nebraska

$1,009

$960

$1,969

Nevada

$943

$1,051

$1,994

New Hampshire

$1,046

$1,013

$2,059

New Jersey

$937

$1,231

$2,168

New Mexico

$1,078

$1,153

$2,231

New York

$1,103

$1,458

$2,560

North Carolina

$1,142

$1,267

$2,409

North Dakota

$994

$1,114

$2,108

Ohio

$1,045

$994

$2,039

Oklahoma

$985

$926

$1,911

Oregon

$1,091

$1,065

$2,156

Pennsylvania

$1,057

$780

$1,837

Rhode Island

$1,069

$1,007

$2,076

South Carolina

$1,134

$1,187

$2,322

South Dakota

$1,019

$886

$1,904

Tennessee

$1,108

$959

$2,068

Texas

$1,032

$1,143

$2,175

Utah

$1,082

$885

$1,967

Vermont

$1,075

$1,103

$2,178

Virginia

$1,069

$1,067

$2,136

Washington

$1,059

$1,175

$2,234

West Virginia

$1,017

$1,153

$2,171

Wisconsin

$1,010

$853

$1,863

Wyoming

$982

$1,007

$1,989