Mortgage closing costs drop 7% to $1,847

closing-CostsBy Trey Garrison | HousingWire

Mortgage closing costs declined 7% over the past year and now average $1,847 on a $200,000 loan, according to Bankrate.com.

Hawaii’s average closing costs of $2,163 are the highest in the nation, followed by New Jersey ($2,094), Connecticut ($2,033), West Virginia ($1,971) and Arizona ($1,969).

The cheapest closing costs are in Ohio ($1,613), Idaho ($1,682), Wyoming ($1,689), Utah ($1,697) and Maine ($1,727).

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