Closing costs

[Jefferson Zettel]

I'm a first time non investment Home buyer (in Las Vegas) and am having some trouble to Understand these fees They seem much higher than previously expected.
I'm under contract on a house purchase price is 173,100 with 25% down
Does that sound right to You?

ORIGINATION FEE (FPF) $3,894.75
ADMINISTRATION FEE $827.00
PROCESSING FEE (FPF) $675.00
Daily interest charges from 08/01/12 to 09/01/12 31 @ $14.88 / day $461.28
Settlement or closing fee $600.00
TITLE MISC. FEES to $100.00
Total Prepaid Finance Charge $6,558.03
Amount Paid on Your Account/Amount Paid to Others on Your Behalf
Paid by S* Seller L* Lender K* Broker R* Branch O* Other
Paid Outside
of Closing
Amount Paid
By Others
Other Charges
Paid By Borrower
Appraisal fee to $425.00
Credit report to $19.00
PREMIUM FOR 3RD PARTY/LEN to $-3,063.87
Homeowner's insurance for years to $420.00
Homeowner's Insurance 2 months @ $35.00 per month $70.00
Property Taxes 6 months @ $106.43 per month $638.58
Aggregate Adjustment
Owner's title insurance $1,500.00
Lender's title insurance $550.00
Deed $ Mortgage $ Releases $ $125.00
STATE TRANSFER TAX FEE to $982.81

Purchase Price (+) $173,100.00
Settlement Charges to Borrower (+) $8,224.55
+ $181,324.55
Amounts Paid By/For Borrower
Principal Amount of New Loan(s) (-) $129,825.00
-$129,825.00
Total Cash From Borrower $51,499.55

Loan Amount: $129,825.00
Prepaid Finance Charge - $6,558.03
Amount Financed: $123,266.97

I am somewhat tied to this lender as He's the only one that I found that would accept only the last year income tax and having opened my Business a little over 2 years ago 2010 tax return would hurt the average pretty bad.

Also I didn't like the fact that He pre-qual me for 20% down 3 months ago and now He says I need 25$ with no significant financial status change

I'd be on a stretch do this deal and am considering waiting til next year when conditions would be more favorable for financing but I have no idea how the market Will be in Vegas.

Let me your thoughts.