Help! Closing tomm - got surprised with a much higher disclosure!

[Josh Lang]

I am closing on a rental property tommorow using a conventional mortgage with a local bank in Pittsburgh. (house - hack scenario ... will be living their for a year and then renting out). My decisions and math regarding whether or not the ROI numbers made sense were based on the disclosure paperwork the Bank had provided. Low and behold i am just now getting the final disclosure paper work (the day before closing!) with the final amount needed on a cashiers check. The total monthly amount has increased by $225 per Month and the total cash to close has increased by $2500. Essentially taking from this from a good ROI to a poor ROI considering the extra $225/month.

Clearly i am very upset and confused at this point, any pointers on what to do from here? Am i within my means the expect the commisions be removed or any adjustments made? 

I am still working on getting in contact with the bank to dig into "why" but in some emails they alluded to issues with the seller agent not being forthcoming on taxes when they quoted the title company earlier on (which is where the increase is coming from ... larger escrow and larger monthly escrow). 

[Jay Hinrichs]

Originally posted by @Greg Scott:

$225 per month is material on a small property.  You can always walk away if it blows the numbers, or re-negotiate with the seller.

Taxes are one of the largest expenses for rent properties so should always be part of due diligence.  Fortunately, in most locations, its easy enough to validate.  Most cities and counties have online portals to check these.

its not the agents responsibility to figure out the tax's on the property..  its not their job..  for this very reason..