Q1 2026 Closing Cost Index — Mortgage Closing Cost Data | FairPriceCheck

Headline finding

Borrowers paid a median of $4,242 in total loan costs in 2025 — but the gap between the lowest- and highest-cost ranked lenders in California alone was $28,059 on a typical loan.

Based on FFIEC HMDA 2025 Modified LAR data, with sample-size thresholds applied per lender and per state. See full methodology.

Top findings

National median

The median U.S. borrower paid $4,242 in total loan costs in 2025 across 4,617,105 HMDA-reported originations.

Origination charges

The typical lender charged a median $1,495 in origination charges — Section A of the Loan Estimate, the most negotiable line item.

Discount points

51% of 2025 loans included paid discount points — the largest concession most borrowers accept without negotiating.

Lender credits

34% of 2025 loans received lender credits offsetting closing costs — typically negotiated by the borrower or paired with a higher rate.

State spread

Median total loan costs ranged from $3,746 in Wisconsin to $9,720 in Hawaii.

Lender spread · California

In California, the gap between I.L.W.U. ($525 median) and Geo-Corp, Inc. ($28,584 median) was $28,059 on a typical 2025 loan.

By state

Coverage includes states with sufficient HMDA data. Additional states will be added as data grows.

Alabama

Median total loan cost $5,150

594 lenders · 78,923 loans

Alaska

Median total loan cost $6,783

148 lenders · 8,864 loans

Arizona

Median total loan cost $6,351

661 lenders · 133,481 loans

Arkansas

Median total loan cost $4,442

462 lenders · 45,607 loans

California

Median total loan cost $7,820

707 lenders · 375,553 loans

Colorado

Median total loan cost $4,935

684 lenders · 110,226 loans

Connecticut

Median total loan cost $6,349

422 lenders · 44,764 loans

Delaware

Median total loan cost $6,669

341 lenders · 18,553 loans

District of Columbia

Median total loan cost $7,558

281 lenders · 6,827 loans

Florida

Median total loan cost $6,862

1,124 lenders · 347,421 loans

Georgia

Median total loan cost $6,278

742 lenders · 178,115 loans

Hawaii

Median total loan cost $9,720

192 lenders · 11,977 loans

Idaho

Median total loan cost $7,042

403 lenders · 37,234 loans

Illinois

Median total loan cost $5,659

665 lenders · 158,705 loans

Indiana

Median total loan cost $3,805

614 lenders · 120,229 loans

Iowa

Median total loan cost $3,854

376 lenders · 47,071 loans

Kansas

Median total loan cost $3,938

437 lenders · 40,541 loans

Kentucky

Median total loan cost $4,778

510 lenders · 64,895 loans

Louisiana

Median total loan cost $6,023

406 lenders · 46,964 loans

Maine

Median total loan cost $4,891

322 lenders · 20,387 loans

Maryland

Median total loan cost $6,659

510 lenders · 88,783 loans

Massachusetts

Median total loan cost $5,522

440 lenders · 78,827 loans

Michigan

Median total loan cost $4,407

599 lenders · 154,369 loans

Minnesota

Median total loan cost $4,947

473 lenders · 81,601 loans

Mississippi

Median total loan cost $5,356

390 lenders · 34,123 loans

Missouri

Median total loan cost $3,921

514 lenders · 99,006 loans

Montana

Median total loan cost $6,234

332 lenders · 16,061 loans

Nebraska

Median total loan cost $4,084

310 lenders · 28,928 loans

Nevada

Median total loan cost $6,954

416 lenders · 51,955 loans

New Hampshire

Median total loan cost $4,720

324 lenders · 21,628 loans

New Jersey

Median total loan cost $7,158

525 lenders · 111,672 loans

New Mexico

Median total loan cost $5,849

387 lenders · 29,508 loans

New York

Median total loan cost $6,717

418 lenders · 135,983 loans

North Carolina

Median total loan cost $5,343

797 lenders · 198,548 loans

North Dakota

Median total loan cost $5,369

195 lenders · 9,696 loans

Ohio

Median total loan cost $4,829

673 lenders · 175,931 loans

Oklahoma

Median total loan cost $5,656

487 lenders · 54,192 loans

Oregon

Median total loan cost $6,652

472 lenders · 60,497 loans

Pennsylvania

Median total loan cost $6,473

675 lenders · 141,367 loans

Rhode Island

Median total loan cost $5,837

261 lenders · 14,634 loans

South Carolina

Median total loan cost $5,623

728 lenders · 110,898 loans

South Dakota

Median total loan cost $4,938

232 lenders · 11,356 loans

Tennessee

Median total loan cost $5,456

793 lenders · 123,255 loans

Texas

Median total loan cost $7,021

941 lenders · 416,481 loans

Utah

Median total loan cost $6,339

374 lenders · 56,680 loans

Vermont

Median total loan cost $5,915

205 lenders · 8,171 loans

Virginia

Median total loan cost $6,029

644 lenders · 145,135 loans

Washington

Median total loan cost $6,839

538 lenders · 118,803 loans

West Virginia

Median total loan cost $5,364

339 lenders · 19,875 loans

Wisconsin

Median total loan cost $3,746

511 lenders · 88,495 loans

Wyoming

Median total loan cost $5,760

258 lenders · 9,255 loans

Fees and credits in 2025

Origination charges. The median lender charged ~$1,495 in origination across all 2025 loans. This is the line item most worth contesting in a Loan Estimate — origination is set by the lender, not by third parties.

Discount points. Roughly 51% of 2025 loans included paid discount points. Whether points pay off depends entirely on how long the borrower keeps the loan — many borrowers who pay points refinance before the break-even hits.

Lender credits. 34% of 2025 loans received lender credits offsetting closing costs. Borrowers should check whether the credit is paired with a meaningfully higher rate before accepting.

HMDA itemizes origination charges, discount points, and lender credits but does not break out title insurance, recording fees, or transfer tax separately. For those line items, our state pages reference state benchmarks compiled from authoritative state agency publications.

How we built this report

The Closing Cost Index analyzes mortgage loans originated in 2025 by U.S. lenders, sourced from the Federal Financial Institutions Examination Council’s (FFIEC) Home Mortgage Disclosure Act (HMDA) Modified Loan/Application Register. CFPB published the 2025 Modified LAR on March 31, 2026.

We require a minimum of 30 records per lender for state-level rankings and 100 records for national rankings. Lenders below threshold are excluded from rankings to avoid spurious headlines from small samples.

Read the full methodology →

Take this further

Audit your own loan against this dataset.

Our consumer audits use the same HMDA-backed lender data that powers this report, plus state-level fee benchmarks. Catch inflated charges before you sign.

Fair Loan Check · from $19

Reviewing a Loan Estimate?

Upload a Loan Estimate. We compare every fee against state benchmarks and the lender’s HMDA-reported medians.

Audit your Loan Estimate →

Fair Closing Check · from $29

About to sign your Closing Disclosure?

Upload your Closing Disclosure. We flag inflated and junk fees line-by-line and draft a negotiation email back to the lender.

Audit your Closing Disclosure →