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The Highest And Lowest Closing Costs Across The United States

Summary: The down payment and real estate commissions aren’t the only fees involved in buying a house. There are also closing costs involved. So, how much are closing costs in your area?

Mortgage rates have been on a steady decline since the start of 2019 as the Federal Reserve recently decided to cut rates in an effort to keep the economy going strong, which has an impact on mortgage rates. In fact, the 30-year fixed rate mortgage rate is near the lowest point all year, and is expected to continue to decline.

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 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. But the opposite is also true when it comes to housing markets where home prices have been declining over the recent past.


Source: BusinessWire

According to the above charts, Missouri takes the top 5 spots in terms of centers with the lowest closing costs.  In terms of states, those with the lowest closing costs for 2019, on average, are:

  1. Missouri : $1,887
  2. Nebraska: $1,919
  3. South Dakota: $1,995
  4. Iowa: $2,011
  5. Arkansas: $2,027

View Current Mortgage Rates Nov, 18, Mon, 2019

By contrast, 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

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? Sammamish Mortgage is 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 for the past 25+ years. Please contact us if you have mortgage-related questions. Last Updated: Sep 11, 2019 @ 2:14 pm

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