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Updated about 2 months ago on . Most recent reply
![Briley Roe's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3048490/1718195301-avatar-brileyr.jpg?twic=v1/output=image/cover=128x128&v=2)
Novice investor running numbers
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1735844637-Screenshot_20250102_130007_Photos.jpg?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1735844489-Screenshot_20250102_130002_Photos.jpg?twic=v1/output=image/quality=55/contain=800x800)
I own 1 rental outright, I paid 70k rents for 1000 monthy. I am in the process of refinancing for 100k to purchase a second property. I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi. Below are the numbers on the second property I will purchase with the refinance.
The second property will need 25k in repairs, and rent for 1350-1450 monthly.
1. Does property 1 with refinance seem like a normal refi cost?
2. Does loan 2 below, seems like a good deal?
3. Are the closing costs on both of these two high?
I am currently enjoying my 1k monthly income with no debt, and I am nervous about leveraging.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1735844726-Screenshot_20250102_104256_Photos.jpg?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1735844774-Screenshot_20250102_130040_Photos.jpg?twic=v1/output=image/quality=55/contain=800x800)