
Average closing costs on a house in 2025
Which states have the highest and lowest average closing costs?
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
Which states have the highest and lowest average closing costs?
Eyeing a beach bungalow or a mountain lodge? Read these tips first.
A cash-out refinance is best reserved for major expenses.
Here’s how an FHA cash-out refinance works.
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Anchor Home Mortgage is a mortgage broker good for borrowers in Florida and Georgia interested in non-QM options and quick closings. Learn more about Anchor Home Mortgage and compare this lender to others.
HomePlus Mortgage is good for borrowers interested in no closing cost-loans or a quick closing. Learn more about HomePlus Mortgage's loans and compare this lender to others.
It varies, but generally, the lower the better. Here’s why.