Switching lenders midway through a deal?

[Michael Cortez]

So almost midway into the closing for my first investment property in Rochester, NY and I’m switching lenders. My original lender emailed documents today saying estimate of cash to close almost 13K 🥺. A local lender in Rochester has brought it down to about 10K for the same rate. Has this happened to anyone?

I’m going into the deal with about 30-40K of equity so I would like to do a cash out refi in a few months. Do you think it will be worth it to try to roll the closing costs into the monthly now and put up with a higher rate for a few months in order to keep more cash in my pocket up front? When I do the cash out refi am I going to be looking at another 10K in closing costs 🤨?

Thanks in advance