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Updated over 6 years ago on . Most recent reply

User Stats

60
Posts
22
Votes
Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
22
Votes |
60
Posts

Closing costs seems high!

Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
Posted
Hi BP community. I have a question about closing costs. I’m buying two duplexes on separate deeds and my closing costs are going to be roughly $6200 for closing for each not including my agent fees. I’m buying one with FHA (3.5% down) and one conventional (25% down) Does this sound reasonable or am I getting taken to the bank?

Most Popular Reply

User Stats

110
Posts
194
Votes
Frank Adams
  • Loveland, CO
194
Votes |
110
Posts
Frank Adams
  • Loveland, CO
Replied

Difficult, if not impossible to analyze without a breakdown of what that number is comprised of. Are there loan numbers included maybe?

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