Closing Costs Up 8.8% from Last Year

Closing costs have increased about 8.8%  nationwide from a year ago according to a survey from Bankrate. Origination, title and third paty fees on a $200K loan averaged $4070 so far this year compared to $3741 at the same time last year. New York is the most expensive place to secure a loan at an average cost of $6183. Arkansas is the lowest at $3378.

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