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Updated about 4 years ago,

User Stats

47
Posts
19
Votes
JR Rivas
19
Votes |
47
Posts

Are these closing costs too high?

JR Rivas
Posted

Hello, 

I am looking to close on my first property and I just got the paperwork to sign from the lender & the closing costs are about 10% of purchase price(not loan amount). 

I know typically the closing costs are a lot lower. 

What do guys think?

Purchase price: 80k

Loan amount: 60k

Total closing costs: $8,599

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