Chattanooga Real Estate Blog » bankrate.com http://blog.chattanoogarealestatetoday.com Chattanooga Real Estate Today Thu, 26 Jan 2012 17:47:08 +0000 en hourly 1 http://wordpress.org/?v=3.3 Tennessee closing costs slightly higher than national average http://blog.chattanoogarealestatetoday.com/tennessee-closing-costs-slightly-higher-than-national-average/ http://blog.chattanoogarealestatetoday.com/tennessee-closing-costs-slightly-higher-than-national-average/#comments Fri, 11 Sep 2009 06:20:31 +0000 Karen Rhodes http://blog.chattanoogarealestatetoday.com/?p=394 Bankrate.com recently conducted its annual national survey of average origination, title, and closing costs, for a $200,000 loan, assuming a 20 percent down payment and good credit.

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Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $2,732, 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.
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So how did Tennessee do, and where did our state rank nationally?

Tennessee ranked 12th highest in the nation (a significant jump from our 24th place ranking in 2008) with total average costs of $2,901 … $169 higher than the national average.

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