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Updated about 10 years ago on . Most recent reply

User Stats

12
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0
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Joe Aagaard
  • Investor
  • Marietta, GA
0
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12
Posts

Reasonable closing costs?

Joe Aagaard
  • Investor
  • Marietta, GA
Posted

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?

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