These States Have the Worst and Best Mortgage Closing Costs
We rank all 50 states and D.C. by the fees mortgage borrowers are required to pay.
51. Indiana
In Indiana, a borrower pays average mortgage closing costs, including taxes, of $1,909.
- Percentage of the average selling price: 0.99%
- Average home selling price: $193,284
- Average closing costs without taxes: $1,909
Fayette County, Indiana, is the U.S. county with the lowest average closing costs, including taxes: just $1,634, according to ClosingCorp.
50. Missouri
In Missouri, a typical borrower pays mortgage closing costs, including taxes, of $2,063.
- Percentage of the average selling price: 1.02%
- Average home selling price: $202,572
- Average closing costs without taxes: $2,063
If you can’t pay your closing costs upfront, you might ask your lender to cover part of the tab in exchange for a slightly higher interest rate — but probably one that's still historically low, given where mortgage rates are today.
49. South Dakota
In South Dakota, a borrower pays average mortgage closing costs, including taxes, of $2,159.
- Percentage of the average selling price: 1.19%
- Average home selling price: $181,137
- Average closing costs without taxes: $2,002
Another option if you don't have the cash for your closing costs is to roll them into your loan.
48. Iowa
In Iowa, a borrower pays average mortgage closing costs, including taxes, of $2,194.
- Percentage of the average selling price: 1.27%
- Average home selling price: $172,227
- Average closing costs without taxes: $1,954
47. Kentucky
In Kentucky, a borrower pays average mortgage closing costs, including taxes, of $2,276.
- Percentage of the average selling price: 1.32%
- Average home selling price: $172,637
- Average closing costs without taxes: $2,126
When you refinance to take advantage of a lower mortgage rate, you want to feel sure you'll remain in the house long enough to make back your closing costs with the savings from your new mortgage.
If you plan on staying three more years (36 months) and closing costs are $2,276, the math shows that your new mortgage will need to save you at least $63.22 per month.
46. Nebraska
In Nebraska, a borrower pays average mortgage closing costs, including taxes, of $2,303.
- Percentage of the average selling price: 1.21%
- Average home selling price: $189,620
- Average closing costs without taxes: $1,952
45. Alabama
In Alabama, a borrower pays average mortgage closing costs, including taxes, of $2,416.
- Percentage of the average selling price: 1.39%
- Average home selling price: $174,247
- Average closing costs without taxes: $2,198
44. North Dakota
In North Dakota, a borrower pays average mortgage closing costs, including taxes, of $2,428.
- Percentage of the average selling price: 1.13%
- Average home selling price: $214,782
- Average closing costs without taxes: $2,428
43. Wyoming
In Wyoming, a borrower pays average mortgage closing costs, including taxes, of $2,430.
- Percentage of the average selling price: 0.86%
- Average home selling price: $283,881
- Average closing costs without taxes: $2,430
Mortgage rates have fallen so far that a refinance is often worth it, even with the closing costs. A recent LendingTree study found that homeowners who refinance loans taken out just one year ago can save $60 a month for every $100,000 they borrow.
42. Kansas
In Kansas, a borrower pays average mortgage closing costs, including taxes, of $2,459.
- Percentage of the average selling price: 1.04%
- Average home selling price: $236,909
- Average closing costs without taxes: $2,459
41. Mississippi
In Mississippi, a borrower pays average mortgage closing costs, including taxes, of $2,548.
- Percentage of the average selling price: 1.14%
- Average home selling price: $224,323
- Average closing costs without taxes: $2,548
40. Arkansas
In Arkansas, a borrower pays average mortgage closing costs, including taxes, of $2,562.
- Percentage of the average selling price: 1.6%
- Average home selling price: $160,261
- Average closing costs without taxes: $2,056
Refinancing is a great way to shrink your monthly budget amid the coronavirus economic crisis. To find the best refinance mortgage in your area, compare rates from multiple lenders.
39. Wisconsin
In Wisconsin, a borrower pays average mortgage closing costs, including taxes, of $2,615.
- Percentage of the average selling price: 1.34%
- Average home selling price: $195,654
- Average closing costs without taxes: $2,158
38. Montana
In Montana, a borrower pays average mortgage closing costs, including taxes, of $2,773.
- Percentage of the average selling price: 0.95%
- Average home selling price: $292,942
- Average closing costs without taxes: $2,773
Most borrowers choose America's most popular home loan, the 30-year fixed-rate mortgage. Thirty-year mortgage rates this year have been at record lows, below 3.5%.
37. North Carolina
In North Carolina, a borrower pays average mortgage closing costs, including taxes, of $2,839.
- Percentage of the average selling price: 1.19%
- Average home selling price: $237,867
- Average closing costs without taxes: $2,308
36. New Mexico
In New Mexico, a borrower pays average mortgage closing costs, including taxes, of $2,908.
- Percentage of the average selling price: 1.12%
- Average home selling price: $258,857
- Average closing costs without taxes: $2,908
Closing costs are just one consideration when you take out a mortgage to buy a home or refinance. Another big one — besides your interest rate — is your loan term. You may consider the pros and cons and decide to go with a 15-year mortgage, instead of a 30-year.
35. Oklahoma
In Oklahoma, a borrower pays average mortgage closing costs, including taxes, of $2,997.
- Percentage of the average selling price: 1.97%
- Average home selling price: $152,272
- Average closing costs without taxes: $2,631
34. Idaho
In Idaho, a borrower pays average mortgage closing costs, including taxes, of $3,063.
- Percentage of the average selling price: 1.06%
- Average home selling price: $290,099
- Average closing costs without taxes: $3,063
33. South Carolina
In South Carolina, a borrower pays average mortgage closing costs, including taxes, of $3,316.
- Percentage of the average selling price: 1.45%
- Average home selling price: $228,866
- Average closing costs without taxes: $2,402
Ready to move forward with a refinance? Do your homework so you'll score the lowest possible mortgage rate.
32. Ohio
In Ohio, a borrower pays average mortgage closing costs, including taxes, of $3,360.
- Percentage of the average selling price: 2.03%
- Average home selling price: $165,732
- Average closing costs without taxes: $2,846
31. Louisiana
In Louisiana, a borrower pays average mortgage closing costs, including taxes, of $3,365.
- Percentage of the average selling price: 1.74%
- Average home selling price: $193,364
- Average closing costs without taxes: $3,040
30. West Virginia
In West Virginia, a borrower pays average mortgage closing costs, including taxes, of $3,384.
- Percentage of the average selling price: 2.14%
- Average home selling price: $158,063
- Average closing costs without taxes: $2,483
29. Alaska
In Alaska, a borrower pays average mortgage closing costs, including taxes, of $3,517.
- Percentage of the average selling price: 1.17%
- Average home selling price: $300,079
- Average closing costs without taxes: $3,517
When refinancing, avoid common and costly mistakes like not comparison-shopping to find the best deal.
28. Arizona
In Arizona, a borrower pays average mortgage closing costs, including taxes, of $3,631.
- Percentage of the average selling price: 1.22%
- Average home selling price: $296,978
- Average closing costs without taxes: $3,631
27. Maine
In Maine, a borrower pays average mortgage closing costs, including taxes, of $3,654.
- Percentage of the average selling price: 1.41%
- Average home selling price: $259,925
- Average closing costs without taxes: $2,543
26. Georgia
In Georgia, a borrower pays average mortgage closing costs, including taxes, of $3,658.
- Percentage of the average selling price: 1.58%
- Average home selling price: $231,593
- Average closing costs without taxes: $2,792
How crucial is it to shop around to find the best mortgage? Homebuyers who go with the very first lender typically pay extra interest costs totaling close to $38,000 over the life of a 30-year mortgage, LendingTree found.
25. Colorado
In Colorado, a borrower pays average mortgage closing costs, including taxes, of $3,672.
- Percentage of the average selling price: 0.86%
- Average home selling price: $ 424,479
- Average closing costs without taxes: $ 3,593
24. Texas
In Texas, a borrower pays average mortgage closing costs, including taxes, of $3,744.
- Percentage of the average selling price: 1.37%
- Average home selling price: $274,163
- Average closing costs without taxes: $3,744
23. Tennessee
In Tennessee, a borrower pays average mortgage closing costs, including taxes, of $3,745.
- Percentage of the average selling price: 1.75%
- Average home selling price: $213,455
- Average closing costs without taxes: $2,575
22. Minnesota
In Minnesota, a borrower pays average mortgage closing costs, including taxes, of $3,785.
- Percentage of the average selling price: 1.52%
- Average home selling price: $248,296
- Average closing costs without taxes: $2,434
No one really knows where mortgage rates are going to go, so if you spot a low rate that works for you, try to lock it so it won't slip away.
21. Oregon
In Oregon, a borrower pays average mortgage closing costs, including taxes, of $3,969.
- Percentage of the average selling price: 1.11%
- Average home selling price: $356,408
- Average closing costs without taxes: $3,612
20. Michigan
In Michigan, a borrower pays average mortgage closing costs, including taxes, of $4,014.
- Percentage of the average selling price: 2.33%
- Average home selling price: $172,599
- Average closing costs without taxes: $2,716
19. Utah
In Utah, a borrower pays average mortgage closing costs, including taxes, of $4,026.
- Percentage of the average selling price: 1.11%
- Average home selling price: $363,324
- Average closing costs without taxes: $4,026
18. Rhode Island
In Rhode Island, a borrower pays average mortgage closing costs, including taxes, of $4,527.
- Percentage of the average selling price: 1.42%
- Average home selling price: $318,095
- Average closing costs without taxes: $2,912
17. Nevada
In Nevada, a borrower pays average mortgage closing costs, including taxes, of $5,546.
- Percentage of the average selling price: 1.67%
- Average home selling price: $331,296
- Average closing costs without taxes: $3,851
16. Illinois
In Illinois, a borrower pays average mortgage closing costs, including taxes, of $5,609.
- Percentage of the average selling price: 2.35%
- Average home selling price: $238,982
- Average closing costs without taxes: $4,502
Centralia, Illinois, is the U.S. metro area with the lowest average closing costs, according to ClosingCorp: $1,821, including taxes. Low closing costs can make a low mortgage rate even sweeter.
15. Virginia
In Virginia, a borrower pays average mortgage closing costs, including taxes, of $5,959.
- Percentage of the average selling price: 1.8%
- Average home selling price: $330,371
- Average closing costs without taxes: $3,282
14. Massachusetts
In Massachusetts, a borrower pays average mortgage closing costs, including taxes, of $5,964.
- Percentage of the average selling price: 1.2%
- Average home selling price: $497,429
- Average closing costs without taxes: $3,876
13. Vermont
In Vermont, a borrower pays average mortgage closing costs, including taxes, of $5,994.
- Percentage of the average selling price: 2.58%
- Average home selling price: $231,934
- Average closing costs without taxes: $2,934
12. New Jersey
In New Jersey, a borrower pays average mortgage closing costs, including taxes, of $6,012.
- Percentage of the average selling price: 1.67%
- Average home selling price: $359,349
- Average closing costs without taxes: $3,635
11. New Hampshire
In New Hampshire, a borrower pays average mortgage closing costs, including taxes, of $6,271.
- Percentage of the average selling price: 2.28%
- Average home selling price: $274,653
- Average closing costs without taxes: $2,485
10. Florida
In Florida, a borrower pays average mortgage closing costs, including taxes, of $6,457.
- Percentage of the average selling price: 2.3%
- Average home selling price: $280,389
- Average closing costs without taxes: $3,569
9. California
In California, a borrower pays average mortgage closing costs, including taxes, of $6,537.
- Percentage of the average selling price: 1.05%
- Average home selling price: $622,881
- Average closing costs without taxes: $5,064
California is home to the city with America's highest closing costs: San Francisco, at an average $11,125.
8. Hawaii
In Hawaii, a borrower pays average mortgage closing costs, including taxes, of $6,746.
- Percentage of the average selling price: 1.04%
- Average home selling price: $646,019
- Average closing costs without taxes: $5,388
7. Connecticut
In Connecticut, a borrower pays average mortgage closing costs, including taxes, of $7,091.
- Percentage of the average selling price: 2.2%
- Average home selling price: $321,609
- Average closing costs without taxes: $3,489
6. Pennsylvania
In Pennsylvania, a borrower pays average mortgage closing costs, including taxes, of $10,076.
- Percentage of the average selling price: 4.88%
- Average home selling price: $206,405
- Average closing costs without taxes: $4,059
5. Maryland
In Maryland, a borrower pays average mortgage closing costs, including taxes, of $11,876.
- Percentage of the average selling price: 3.65%
- Average home selling price: $325,234
- Average closing costs without taxes: $3,737
4. Washington
In Washington, a borrower pays average mortgage closing costs, including taxes, of $12,406.
- Percentage of the average selling price: 2.86%
- Average home selling price: $433,404
- Average closing costs without taxes: $4,538
3. New York
In New York, a borrower pays average mortgage closing costs, including taxes, of $12,847.
- Percentage of the average selling price: 3.05%
- Average home selling price: $421,836
- Average closing costs without taxes: $5,612
New York's Kings County — which you know as Brooklyn — is the U.S. county with the highest average closing costs: an astounding $39,818, according to ClosingCorp. When you take out a home loan there, you need to do whatever it takes to find the lowest possible mortgage rate.
2. Delaware
In Delaware, a borrower pays average mortgage closing costs, including taxes, of $13,273.
- Percentage of the average selling price: 4.72%
- Average home selling price: $281,308
- Average closing costs without taxes: $3,350
1. District of Columbia
The District of Columbia has the nation's steepest mortgage closing costs, according to the ClosingCorp study, a borrower pays average mortgage closing costs, including taxes, of $25,800.
- Percentage of the average selling price: 4%
- Average home selling price: $645,108
- Average closing costs without taxes: $5,723
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