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Thursday, August 11, 2016

Here's how Maryland stacks up in mortgage closing costs in the U.S.

Closing costs in Maryland ranked No. 13 in the U.S., with Hawaii having the highest and neighboring Pennsylvania, the lowest.

In June,, a consumer financial data firm, surveyed lenders in all 50 states on lending costs for a single-family home with a 20 percent down payment on a $200,000 mortgage. found that closing costs on a $200,000 mortgage in Maryland averaged $2,229, higher than the national average of $2,128.

Closing costs in Hawaii on the $200,000 loan averaged $2,655 while the average in Pennsylvania was $1,837. New York's average closing costs on that size of a loan was $2,560 and Delaware's closing costs averaged $2,358.


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