The Highest And Lowest Closing Costs Across The United States

August 22, 2012
Last updated:
March 21, 2022
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Mortgage rates have been on a steady increase since the start of 2021. In fact, the 30-year fixed rate mortgage rate recently topped the 4.% mark, the first time this has happened since mid-2019. Now, it sits at 4.16%.

ClosingCorp, which provides residential real estate closing cost information, recently released its most recent closing cost calculations, which shows that the national average closing costs are $3,344, excluding taxes, for a single-family home.

A “closing cost” is any fee paid in conjunction with a mortgage settlement that would not be payable if the home was financed with cash. Closing costs include such items as underwriting fees and appraisal costs.

Like everything in real estate, closing costs across the US tend to vary. There are some states in which closing costs tend to be high and must be paid during closing week, and other states in which they tend to be low. And of course, closing costs are directly tied to the cost of the home being purchased.

So, in centers where the price of home are on the rise, so are closing costs.

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Not surprisingly, the two most expensive states in which to close a mortgage this year are New York ($5,586) and California ($5,284). All figures are before taxes.

Closing Costs in WA, OR, ID, and CO

Those are some of the highest and lowest closing costs in the country, but what about in the Pacific Northwest?

The following are the average closing costs in the region, in order from lowest to highest:

  • Idaho – $3,066
  • Colorado – $3,496
  • Oregon – $3,568
  • Washington – $4,701

Seattle-Tacoma-Bellevue, WA came in with the highest average total closing costs in the entire country at $5,266.

The good news is that, as a home buyer or refinancing household, you’re often not required to pay the closing costs which are itemized by your bank. When asked, many lenders will offer a low-closing cost or zero-closing cost option.

With low- and zero-closing cost programs, qualifying mortgage rates are raised by a small amount, which increases your monthly mortgage payment. Up-front settlement costs, however, are reduced or eliminated.

Opting for a low- or zero-closing cost mortgage is a trade-off between upfront and ongoing costs. Talk to your loan officer about your options to see which path is best for you.

View average closing costs for all 50 states at

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Have Questions About Closing Costs and Home Loans?

Are you curious about home loans and closing costs associated with buying a home in WA, OR, ID, and CO?  Sammamish Mortgage can answer your questions. We are a local, family-owned company based in Bellevue, Washington. We serve the entire state, as well as the broader Pacific Northwest region, and have been since 1992. Please contact us if you have mortgage-related questions.

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