How Much Are Closing Costs When Buying A House
Closing costs are also known as settlement fees. These fees need to be paid when real estate is conveyed from the seller to the buyer.
How Much Are Closing Costs On House Purchase
The average closing cost is $3,020. A normal range would fall between 2,700 and 4,000. Another practical estimate is about 3 to 5 percent of the loan amount.
New York is the most expensive state for closing costs, whereas Arkansas is the cheapest. The table below lists the highest and lowest closing costs across the United States.
| **Top 5 highest Closing Costs** | **Top 5 Lowest Closing Costs** |
| New York | Arkansas |
| Texas | North Carolina |
| Utah | Iowa |
| California | Montana |
| Alaska | Winsconsin |
| **AVERAGE CLOSING COSTS PER U.S. STATE (2010)** | |||
| Alabama | $3512 | Montana | $3298 |
| Alaska | $4327 | Nebraska | $3608 |
| Arizona | $3950 | Nevada | $3471 |
| Arkansas | $3007 | New Hampshire | $3358 |
| California - LA | $4406 | New Jersey | $4110 |
| California - SF | $4566 | New Mexico | $3480 |
| Colorado | $3366 | New York | $5623 |
| Connecticut | $3391 | North Carolina | $3255 |
| Delaware | $3649 | North Dakota | $3800 |
| Florida | $3987 | Ohio | $3985 |
| Georgia | $3604 | Oklahoma | $4254 |
| Hawaii | $3442 | Oregon | $3333 |
| Idaho | $4077 | Pennsylvania | $4236 |
| Illinois | $3505 | Rhode Island | $3972 |
| Indiana | $3465 | South Carolina | $3552 |
| Iowa | $3261 | South Dakota | $3363 |
| Kansas | $3615 | Tennessee | $3483 |
| Kentucky | $3341 | Texas | $4708 |
| Louisiana | $3897 | Utah | $4605 |
| Maine | $3432 | Vermont | $3372 |
| Maryland | $3402 | Virginia | $3883 |
| Massachusetts | $4025 | Washington | $3607 |
| Michigan | $3804 | Washington DC | $3685 |
| Minnesota | $3920 | West Virginia | $3637 |
| Mississippi | $3335 | Wisconsin | $3303 |
| Missouri | $3356 | Wyoming | $3922 |
