Don't forget about closing costs
Bankrate.com says in a report this month that typical closing costs in Maryland are $3,118 for a $200,000 loan, ranking the state 23rd in the country. That's a little better, relatively speaking, than last year, when the state was 19th. New York -- by which Bankrate.com actually means NYC -- topped the list this year at just over $4,000.
The cheapest was North Carolina, at less than $2,700.
These figures include fees levied for the mortgage, title work and settlement but do not include taxes, which aren't an insignificant expense.
Bankrate.com says that despite falling home prices, U.S. closing costs are 14 percent higher this year than they were last year.
