GITNUX MARKETDATA REPORT 2024

Statistics About The Average Closing Costs In Michigan

The average closing costs in Michigan are approximately $3,911.

Statistic 1

"The average closing costs for a mortgage in Michigan are $3,631."

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Statistic 2

"In Michigan, the average origination fees charged by lenders are $1,099."

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Statistic 3

"Michigan's average third-party fees stand at $2,532."

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Statistic 4

"On average, buyers can expect to pay between 2% and 5% of the purchase price in closing costs."

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Statistic 5

"The average cost of lender's title insurance in Michigan is around $1250."

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Statistic 6

"The average cost of an appraisal in Michigan ranges from $300-$400."

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Statistic 7

"The average cost of a home inspection in Michigan is $200-$400."

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Statistic 8

"The average cost of document recording in Michigan is $100-$150."

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Statistic 9

"The average cost of a survey in Michigan is $350-$500."

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Statistic 10

"The average cost for attorney fees in Michigan can range between $500 and $1500."

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Statistic 11

"The average cost of a credit check in Michigan is usually around $30-$50."

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Statistic 12

"The average cost of title search in Michigan ranges from $150 to $400."

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Statistic 13

"Michigan's average homeownership costs, including mortgage payments, real estate taxes, insurance, utilities, and other miscellaneous costs are $1,397 a month."

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