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Closing Costs in Tennessee: Bankrate.com annually ranks every state in the country as to average closing costs, and - in 2010 - Tennessee ranks 20th LOWEST...a GREAT improvement over 2009, when our state ranked 12th highest!
Bankrate.com ranks all of the states, from most expensive closing costs to least expensive, by average closing costs charged by the lending industry for a mortgage in each state. [Researchers requested a good faith estimate for a $200,000 loan, assuming a 20 percent down payment and good credit.]
Actual costs will be higher than shown in their ranking because the most highly variable costs are not included: taxes, other government fees and escrow fees.
The table below ranks the states, from most expensive closing costs to least expensive, by average closing costs charged by the lending industry for a mortgage in each state. Your costs will be higher than shown here because the most highly variable costs are not included: taxes, other government fees and escrow fees. |
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