Baltimore Checkbook: Here's how Maryland stacks up in mortgage closing costs in the U.S.

Wednesday, August 10, 2016

Here's how Maryland stacks up in mortgage closing costs in the U.S.

Closing costs in Maryland ranked No. 13 in the U.S., with Hawaii having the highest and neighboring Pennsylvania, the lowest. In June, Bankrate.com, a consumer financial data firm, surveyed lenders in all 50 states on lending costs for a single-family home with a 20 percent down payment on a $200,000 mortgage. Bankrate.com found that closing costs on a $200,000 mortgage in Maryland averaged $2,229, higher than the national average of $2,128. Closing costs in Hawaii on the $200,000 loan averaged…