My first rental purchase..here are the closing costs..

[Brent Olsen]

I just closed on my first SFR in Memphis and was a little surprised at how much closing costs were. I have 2 more in escrow scheduled to close end of the month. I would like opinions on the costs if they seem average or not. If there is a way to reduce the costs on the next two I am all ears.

A. Origination Charges $1,545.00

02 Processing Fees $550.00

03 Underwriting Fees $995.00

B. Services Borrower Did Not Shop For $534.50

01 Appraisal Fee  $495.00

02 Credit Report  $27.50

03 Flood Certification to CoreLogic Flood Services $12.00

C. Services Borrower Did Shop For $1,895.60

01 Home Inspection  $250.00

02 Pest Inspection Fee  $75.00

03 Title - Closing Protection Letter $50.00

04 Title - Lender's Title Insurance to Title Service $783.60

05 Title - Notary Fee to CSS $150.00

06 Title - Overnight / Express $25.00

07 Title - Settlement Fee to Title Service $562.00

D. TOTAL LOAN COSTS (Borrower-Paid) $3,975.10