When buying a home, mortgage closing costs are an important part of the equation in figuring out what needs to be brought to the table. One thing that the housing slowdown has done is brought overall closing costs in the United States down almost 300 dollars from 2006. The average closing costs for 2006 were $3.024 while the 2007 number comes in at $2,736 based upon a $200,000 loan with a 20 percent down payment and good credit. New York led the way at $3,830 while if your goal is to lower your closing costs on your mortgage, Indiana is the place to go coming in at $1,500 less with closing costs at $2,339. Top 10 Most Expensive States For Mortgage Closing Costs
- New York $3,830
- Texas $3,413
- Florida $3,175
- Pennsylvania 3,169
- Ohio $3,047
- Hawaii $3,008
- New Jersey $2,996
- Oklahoma $2,978
- New Mexico $2,922
- Delaware $2,904
Click here for the Top 10 Markets with the Highest Closing Costs in 2006.
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