Top 10 Least Expensive States For Closing Costs : The Real Estate Bloggers

Top 10 Least Expensive States For Closing Costs

August 15th, 2006 • Related • Filed Under

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BankRate.com has issued it’s yearly study of mortgage costs and Missouri is the least expensive state for Mortgage Closing Costs  New York was over $1,150 dollars more expensive to close a $200,000 home than Missouri. So if you are buying in one of these states, congratulations, you have probably saved a bit of money compared to others states in Closing Costs.

  1. Missouri $2,713
  2. Michigan $2,714
  3. New Hampshire $2,734
  4. Montana $2,737
  5. Wyoming $2,772
  6. Washington, D.C. $2,772
  7. Arizona $2,784
  8. Kansas $2,787
  9. Indiana $2,793
  10. South Dakota $2,817 via Bankrate.com

Methodology: For this year’s annual closing costs survey, Bankrate.com obtained eight to 10 good faith estimates in each state from the Web sites of online lenders. Researchers picked a ZIP code in the biggest city in each state (with one exception) and requested information on the closing costs for a $200,000 loan there. They requested fees on a 30-year, fixed-rate mortgage for a borrower with a 20-percent down payment and good credit to buy a single-family house.

Related posts:
  1. Top 10 Most Expensive States For Closing Costs
  2. Top 10 Most Expensive States For Mortgage Closing Costs For 2007
  3. Top 10 Least Expensive Rental Markets In the United States
  4. Chance of Bankruptcy Higher in These States
  5. Top Ten Most Expensive Zip Codes In United States 2006-2007



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