Firm ranks Nevada 15th for closing costs in U.S.

Nevada has the 15th-highest closing cost for home purchases in the nation, up from 34th a year ago, online financial research firm Bankrate.com reported.

The firm showed Nevada with a $1,673 origination fee and $2,571 in title and closing costs for a total of $4,244.

New York leads the nation again with an average fee of $6,183. Texas, Utah, California and Idaho round out the five most expensive states. Arkansas is the least expensive with an average fee of $3,378.

Nationwide, the average origination and title fees on a $200,000 mortgage total $4,070, an 8.8 percent increase from a year ago, Bankrate said.

Much of the rise in closing costs is tied to fees charged directly by lenders. On average, lenders charge about $1,614 in origination fees this year, up 10.3 percent from last year. Origination fees include lender charges for services such as underwriting and processing. Other fees include third-party services such as appraisals and title insurance.