Closing cost - Too much?

[Amaf J.]

Evening everyone,

This is just a quick question for all of you regarding closing costs. I was pre-qualified for a loan and we started running the numbers to see how much everything would come out to total. Let me know what you guys think about this:

Example, $100,000 purchase, 25% down-payment

Closing costs: $4,182

Pre-paid items: $5,260

Bank is saying they would need the down-payment + an additional $10,000 for closing costs and the other fees. Are these usual costs for every transaction? You're essentially spending another down-payment on closing costs and those other fees.

What do you think?