The average closing costs for a single-family residential property refinance in 2020 were ,398 including taxes – ,287 excluding taxes – according to ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries.
Conversely, average closing costs for a home purchase were $6,087 including taxes – $3,470 excluding taxes.
In its report, ClosingCorp notes that most states do not impose transfer and other local
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