buying costs excessive?

[Jeremy England]

I'm calculating costs on a potential deal and got a loan estimate from a conventional lender.  It seems the buying costs are way excessive to me.  What do you think?

loan amount: 80000

Origination charges:

3pct points: 2400

processing fee: 850

underwriting: 300

Services you cannot shop for:

appraisal: 510

credit montoring service: 7

credit report: 15

flood determination: 11

flood life of loan: 5

life of loan tax service: 55

tax certification fee: 18

services you can shop for:

title search: 225

lenders title policy: 531

closing fee: 550

title survey: 400

title examination fee: 150

taxes and prepaids: 

recording fee: 207

transfer taxes: 1107

Home owner's insurance: 1740

property tax: 257

Optional:

title owner's policy: 140

total: 10059

So 10000 bucks on an 80000 loan?  wth?

Seems excessive to me.  what can I cut from this by shopping around?  Are these costs what other investors are seeing?  

This is a 20 pct down loan btw.  So I'd be paying 100k for the property.  

I have everything as far as financials too.  Monthly income, excellent credit, plenty of cash reserves.  Work history.  

I could go pull my last hud1 statement from a couple years ago in the same county but that was for a personal residence and much higher loan amount.  

[Chris Lohmeier]

Those numbers seem way off. I just walked out of a closing two hours ago.

Description	Debit	Credit
Purchase price	89500.00
Deposit (Earnest Money)		1000.00
Loan Amount		85900.00
*Other property as collateral
Prorated 2018 Taxes		559.66
Title Charges
Closing Protection Letter	12.50
Comp Endorsement	12.50
EPA Endorsement	12.50
Lenders Title Ins	487.50
Owners Title Ins	182.75
Recording of Deed	16.00
Escrow Closing Fee	50.00
Termite Inspection	85.60
Totals	86759.35	87459.66
Check to me at Closing		700.31

This was a bit of a special one since I was using collateral, but when I’ve put 20% down I was seeing roughly the same results, with the exception of needing to cut them a check for the 20%.

I would be looking for a new bank and title company.