Average Loan Estimate Fees in New York (2026)
Last Updated: April 2026 · Data: Optimal Blue OBMMI via Federal Reserve FRED API
New York Average
$8,155
Total lender & third-party fees
National Average
$6,550
New York is 25% above the national average
Fee-by-Fee Breakdown (2026)
| Fee Type | New York | National | Negotiable? |
|---|---|---|---|
| Origination Fee | $1,800 | $1,855 | Yes |
| Underwriting Fee | $920 | $850 | Yes |
| Processing Fee | $840 | $635 | Yes |
| Application Fee | $350 | $265 | Yes |
| Rate Lock Fee | $425 | $320 | Yes |
| Appraisal Fee | $700 | $530 | No |
| Title Insurance | $1,820 | $1,325 | No |
| Settlement Fee | $980 | $530 | Yes |
| Document Prep Fee | $280 | $210 | Yes |
| Flood Certification | $40 | $30 | No |
| Total | $8,155 | $6,550 |
Mortgage Closing Costs in New York
In 2026, borrowers in New York can expect total loan estimate fees of approximately $8,155 on average — 25% higher than the national average of $6,550. 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.
Data Note
Fee benchmarks reflect 2026 market conditions. Lender fees have trended approximately 2% higher per year since 2023 due to operational cost increases. Actual fees on your Loan Estimate may vary by lender, loan type, and loan amount.
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