States with the Highest Closing Costs

Interesting factoid...

According to Bankrate.com, the states that charge the most in closing costs for a mortgage are as follows:

1) New York

2) Texas

3) Florida

4) Pennsylvania

5) Ohio

The states with the lowest fees in closing costs are Indiana, Wyoming, Illinois, Nevada, North Carolina.

The following article explains why states differ, including the fact NY has attorneys conduct their closings!

http://www.bankrate.com/brm/news/mortgages/2007/closing_costs_overview_1.asp

Aloha,

Pete