Word History: The derivation of the word slave encapsulates a bit of European history and explains why the two words slave and Slav are so similar; they are, in fact, historically identical. The word slave first appears in English around 1290, spelled sclave.
Typically, home buyers will pay between about 2 and 5 percent of the purchase price of their home in closing costs. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs. On average, buyers pay roughly $3,700 in closing costs, according to a recent survey.
CLEVELAND, Ohio -- Ohio has the lowest mortgage closing costs of any state nationwide, according to a new survey. Ohio's total of $1,613 in closing costs on a typical $200,000 home is $500 less than the total in Hawaii, which has the most expensive closing costs, according to a Bankrate.com study released this week. That total includes $933 in lender origination fees and $681 in third-party charges for items such as appraisals. Nationwide, closing costs dropped by 7 percent in the past year, Bankrate said, averaging $1,847 on a $200,000 loan.