10 states with the highest mortgage closing costs

The housing markets with the highest-priced homes don’t always have the highest closing costs due to differences in local tax policy, but there can be some correlation. The national average for mortgage closing costs is $4,876, but some per-loan totals tracked at the state or local level can exceed five figures.

Expenses like title, appraisal, recording fees, inspection services, land surveys, and, in some cases, transfer taxes, can really add up in certain areas.

“For example, five counties in New York — Kings, Queens, Bronx, Richmond and Suffolk — had the highest closing costs, going well above the national and state average, due to having some of the highest transfer taxes in the country,” ClosingCorp CEO Bob Jennings said in the vendor’s inaugural national closing cost snapshot report.

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