California:
Home-buyers can expect closing costs to average of 2% to 3%. There are two types of expenses: one-time (non-recurring) and recurring (pro-rated or ongoing). For example, if you buy a house in San Diego for $800,000, your one-time and recurring closing costs would range from $16,000 to $24,000.
Florida:
The average closing costs come to approximately 1.98% of the purchase price.
Georgia:
Lender’s costs include loan origination fees while third party costs are things like appraisal fees, survey fees, title insurance and taxes among others. Average closing costs range from 0.5 to 5% of the total loan amount. In Georgia, the average amount is $2000 for a $200,000 mortgage.
Minnesota:
The average closing costs are around $3500 (not including taxes), or approximately 0.91% to 1.21% of the final home sale price.
Illinois:
The average closing costs are around $6000 (not including taxes). That’s between 1.94% and 2.9% of the final home sale price.
North Carolina:
On average standard closing costs range just over 2.2% of a home’s purchase price. For example, closing costs on a $200,000 home could add up to $4,400 or more.
Rhode Island:
Closing costs usually range between 2-5% of the purchase price. This means if an average home in Rhode Island costs between $300,000-$400,000, you can expect to pay between $2,600-$4600 in closing costs.
South Carolina:
Buyers will pay between 2% and 3 % of the purchase price in closing costs.
Texas:
Typically, home buyers will pay between about 2% to 5% of the purchase price of their home in closing fees. So, if the home cost $160,000, you might pay between $3,200 and $7,800 in closing costs.
Read more:
Who pays the closing costs on a home?