Connecticut has third highest mortgage closing costs in the nati - WFSB 3 Connecticut

Connecticut has third highest mortgage closing costs in the nation

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HARTFORD, CT (WFSB) -

Connecticut has the third highest mortgage closing costs in the nation, according to the website Bankrate.com.

The average closing cost for a $200,000 loan is $2,033.

The only states ranking above Connecticut are Hawaii at $2,163 and New Jersey at $2,094, according to Bankrate.

Nationwide, costs have actually declined by 7 percent over the past year. The national average is $1,847.

The cheapest costs in the nation can be found in Ohio, where the average is $1,613.

"Homebuyers have more say over closing costs than they think," said Holden Lewis, Bankrate.com's senior mortgage analyst. "Costs vary between lenders, so everyone should compare at least three different options. You don't have to go with the lender your agent suggests."

Bankrate said it surveyed up to 10 lenders in all 50 states and the District of Columbia in June 2015. It obtained good faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment.

To check out the complete rankings, click here.

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