The average amount of closing costs on a $200,000 mortgage loan came in at $2,732, according to a 2009 survey by financial news site Bankrate.com. Though closing costs may vary depending on the size of the loan and the state in which buyers are purchasing a home, consumers taking out an FHA mortgage loan should expect to pay somewhere near that figure.

Title Insurance

Certain closing costs are unavoidable on an FHA mortgage loan. This includes what is usually the most expensive closing cost: title insurance. You can expect to pay about $1,500 to $2,000 for a title company to provide title insurance for your property. You can expect to pay about $600 for the actual title search. Title insurance makes sure there are no liens or unpaid real estate taxes on the home you are hoping to buy.

Attorney's Fees

The vast majority of states require buyers purchasing a home, including those financed through an FHA loan, to pay for a real estate attorney to attend the closing. These attorneys usually charge around $250 to $550.

Lender's Fee

Many mortgage lenders will charge their own fee for preparing your mortgage documents. This fee usually runs about $1,000 to $1,500. However, many lenders won't charge this fee, so it pays to shop around.

Appraiser

You will have to pay to have your new potential home appraised. Your FHA-approved lender will want to know that you're not overpaying for your home. Appraisers generally charge from $250 to $600.

Credit Report

It's one of the smaller fees, but it's another you won't be able to avoid: the credit fee. Lenders have to run your credit before approving you for a mortgage loan. This fee usually comes out to about $30 to $50. Your credit rating will help determine the interest rate you receive on your FHA loan.

Rates Vary

Depending on where you are taking out an FHA loan, you'll end up paying lower or higher closing costs. It's an unfortunate truth, closing costs vary widely depending on your home state. According to a study by Closing.com, Maryland has the highest average closing costs, $8,209, for a home that costs $177,700.

Source:

Bankrate.com - closing costs survey

Closing Costs report