Refinance closing costs vary sharply by state
2 Articles
2 Articles
Refinance closing costs vary sharply by state
The average closing costs for a refinance mortgage in the U.S. totaled $2,403 last year, or about 0.72% of the loan amount, according to a new report from LodeStar Software Solutions. The findings mark the company’s first analysis of refinance-specific closing costs. Closing fees ranged widely by location and are influenced largely by state and local taxes. New York topped the list with closing costs averaging 2.1% of the loan amount — nearly th…
Hidden Fees: Understanding the Cost of Closing on Real Estate
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