Average Loan Estimate Fees in New York (2023)
Last Updated: April 2026 · Data: Optimal Blue OBMMI via Federal Reserve FRED API
New York Average
$8,005
Total lender & third-party fees
National Average
$6,180
New York is 30% above the national average
Fee-by-Fee Breakdown (2023)
| Fee Type | New York | National | Negotiable? |
|---|---|---|---|
| Origination Fee | $1,800 | $1,750 | Yes |
| Underwriting Fee | $920 | $800 | Yes |
| Processing Fee | $795 | $600 | Yes |
| Application Fee | $330 | $250 | Yes |
| Rate Lock Fee | $395 | $300 | Yes |
| Appraisal Fee | $660 | $500 | No |
| Title Insurance | $1,820 | $1,250 | No |
| Settlement Fee | $980 | $500 | Yes |
| Document Prep Fee | $265 | $200 | Yes |
| Flood Certification | $40 | $30 | No |
| Total | $8,005 | $6,180 |
Mortgage Closing Costs in New York
In 2023, borrowers in New York can expect total loan estimate fees of approximately $8,005 on average — 30% higher than the national average of $6,180. The higher costs in New York reflect elevated real estate market activity, stronger lender demand, and higher operating costs for local settlement services. Of the fees listed above, the negotiable ones represent your best opportunity to reduce out-of-pocket closing costs — simply asking your lender to reduce or waive these fees before closing can save hundreds of dollars.
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