Average Loan Estimate Fees in Rhode Island (2026)
Last Updated: April 2026 · Data: Optimal Blue OBMMI via Federal Reserve FRED API
Rhode Island Average
$5,855
Total lender & third-party fees
National Average
$6,550
Rhode Island is 11% below the national average
Fee-by-Fee Breakdown (2026)
| Fee Type | Rhode Island | National | Negotiable? |
|---|---|---|---|
| Origination Fee | $1,480 | $1,855 | Yes |
| Underwriting Fee | $785 | $850 | Yes |
| Processing Fee | $585 | $635 | Yes |
| Application Fee | $245 | $265 | Yes |
| Rate Lock Fee | $295 | $320 | Yes |
| Appraisal Fee | $485 | $530 | No |
| Title Insurance | $1,140 | $1,325 | No |
| Settlement Fee | $615 | $530 | Yes |
| Document Prep Fee | $195 | $210 | Yes |
| Flood Certification | $30 | $30 | No |
| Total | $5,855 | $6,550 |
Mortgage Closing Costs in Rhode Island
In 2026, borrowers in Rhode Island can expect total loan estimate fees of approximately $5,855 on average — 11% lower than the national average of $6,550. The lower costs in Rhode Island reflect a competitive local lending market and relatively lower operating costs for title and 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.
Loan Estimate Analyzer
Want a full analysis of all your Loan Estimate fees?
FairRate analyzes every fee on your Loan Estimate and tells you which ones to negotiate — no lender affiliation, no lead generation. Just data.
Analyze My Loan Estimate — $29See a sample report →