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Updated over 4 years ago on . Most recent reply
![Zachary Schimenz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1360719/1621511624-avatar-zacharys112.jpg?twic=v1/output=image/cover=128x128&v=2)
Is this loan a good deal or way too high?
I'm currently refinancing an investment property that I originally bought cash to obtain a $70,000 30 year loan, and the closing costs come out to $5,054.
This seems a bit high as I've heard closing costs are typically 3% to 5%. Any thoughts??
I have a good credit score and the interest rate is 4.75%. Here are the main costs - can you let me know if anything looks way too high:
Loan Orignation fee: $1,400
Processing Fee: $395
Underwriting Fee: $895
Appraisal Fee: $450
Title Fees (a bunch of small ones that add up to): $1,685
Thanks - I appreciate the insight,
-Zach