Bankrate has just issued its annual survey of mortgage closing costs across the U.S. -- in other words, the amount that you can expect to pay for mortgage origination and title fees in each of the 50 states.
(Note that this doesn't include other home purchase closing costs, such as insurance, taxes, inspection fees, homeowners' association dues, and so forth.)
After a detailed analysis of the data, my conclusion is that you're much better off buying in Nevada (where average costs for a $200,000 home loan are $2,276) than in Texas (average costs = $3,855)!
(Note that this doesn't include other home purchase closing costs, such as insurance, taxes, inspection fees, homeowners' association dues, and so forth.)
After a detailed analysis of the data, my conclusion is that you're much better off buying in Nevada (where average costs for a $200,000 home loan are $2,276) than in Texas (average costs = $3,855)!
