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Updated about 10 years ago on . Most recent reply
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Reasonable closing costs?
I'm under contract for my first rental and shopping a loan. Particulars are conventional loan, 20% down, great credit. Rate offered was 4.625%
The first quote was $3,300 in lender closing costs detail below.
- Processing /Admin $592
- Underwriting $350
- GA fee $10
- Appraisal $470
- Tax service $66
- Lenders coverage $220
- Title services fee $500
- Owners Coverage $645
- Recording $86
- State transfer tax $360
None of the above includes interest or funding escrow accounts. Does that sound pretty reasonable? Any of it worth negotiating?