Homebuyers may have enjoyed record low mortgage rates over the past year, but they've been paying a pretty penny when it comes time to close the deal.
Nationwide, closing costs averaged $2,402 over the past year, up 6 percent from $2,264 in 2012, according to a new survey by Bankrate.com. The estimates are based on a $200,000 mortgage for buyers with good credit and a 20 percent down payment.
Here's a look at the states with the lowest and highest closing costs:
(Lowest) 5. Washington ($2,208 average closing costs)
4. Michigan ($2,203 average closing costs)
3. Kansas ($2,193 average closing costs)
2. Missouri ($2,188 average closing costs)
1. Wisconsin ($2,119 average closing costs)
(Highest) 5. New Mexico ($2,566 average closing costs)
4. California ($2,639 average closing costs)
3. South Carolina ($2,658 average closing costs)
2. Alaska ($2,675 average closing costs)
1. Hawaii ($2,919 average closing costs)
Click here for a closer look at Bankrate's survey of the states with the highest and lowest closing costs.
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