Bankrate.com's 2008 Top 10 Most Expensive States for Closing Costs

Bankrate.com just released it's annual 2008 Closing Cost Estimates by state. Topping the list for the 2nd year in a row was New York. Check out the estimates for the Top 10 Most Expensive below:

Bankrate.com says: "Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $3,118, according to Bankrate's annual survey of closing costs. The fees in the survey don't include taxes, insurance or prepaid items such as prorated interest or homeowner association dues."

New York: $4,016
Texas: $3,975
Florida: $3,683
Oklahoma: $3,558
New Mexico: $3,465
New Jersey: $3,432
Pennsylvania: $3,411
Alaska: $3,409
Colorado: $3,358
California: $3,321

YAY For Virginia NOT making the list!!

Make sure you go over your Good Faith Estimate (GFE) from your lender very carefully - this will detail their INITIAL estimate of your closing costs. Then use this to compare to the HUD-1 given to you a day or 2 prior to your closing. It should detail every closing cost for the seller, and the buyer!

If you're looking for a great lender, I have a few that I can recommend. They'd be more than willing to go over these costs with you!

Oh, and Keller Williams doesn't charge an "Admin Fee" - ever!