$32,000 down required on $95,000 house?

[Eric P.]

We're in the process of buying our first investment property.  We tried a local mortgage broker but he doesn't seem interested on such a small loan so I called quickenloan.  They came back with a required 25% down and an all in estimate of $32,000.  This is NJ so the taxes on the house are $4,500.  But 25% down is $23,750 so its gonna be another $8,000???  Does that sound right?

I was really hoping for 20% down, 3-6 months of taxes, and 3% closing costs = $25,000 max.  Even though Quicken already pulled my credit I'm thinking I need to talk to a different local lender.