In the country’s capitol, the cost to finance a single-family home is higher than any state in the nation. Costs in the Show Me State are the lowest.
The average purchase price of a U.S. residence is $271,363. The average total closing costs to finance that piece of property works out to $4,876.
Closing costs include title insurance, settlement fees and appraisal expense. They additionally include transfer taxes and recording fees as well as other costs such as inspections and land surveys.
Source: Mortgage Daily