Georgia 28th for Home Closing Costs

Press release from the issuing company

Tuesday, August 17th, 2010

The Peach State was about average for total home closing costs in 2010, according to a survey Monday from Bankrate.com.

Georgia’s mortgage origination costs averaged $1,402 and title/closing costs averaged $2,201 for a total of $3,604 in fees. This is based on a good faith estimate for a $200,000 loan, assuming a 20 percent down payment and good credit. Bankrate’s survey includes lenders’ origination fees and title and settlement fees, and not taxes or prepaid items.

Read more: Atlanta Business Chronicle