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Bankrate measures mortgage closing costs by state

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Homebuyers in Hawaii should expect more than $2,600 to close a mortgage. One of the most commonly neglected cost considerations is at the closing table. Mortgage closing costs can vary greatly state-to-state, accoridng to data from Bankrate.com, which can have a big impact on the reality of affordable homes for some buyers. Not considering title search, taxes, escrow fees, discount points and taxes, the financial firm measured each state in June 2016 for mortgage closing costs, which include fees charged by lenders, appraisal fees and costs of credit reports. The top 10 lenders in each state were surveyed. The national average total closing cost was $2,128 on a $200,000 mortgage loan for the purchase of a single-family home with a 20 percent down payment, Bankrate says. Accori…

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